FINANCEDHotel
RRA Capital Provides $2.54M Loan For Hotel At 5001 North Cowhorn Creek Loop In Texarkana
5001 North Cowhorn Creek Loop
$2,540,000
$29/SF
Building Size
85,259 SF
Asset Type
Hotel
Closing
Aug 18, 2021
AI
The asset involved in this transaction is a hotel located at 5001 North Cowhorn Creek Loop in Texarkana. The loan amount secured for this property is $2,540,000.00.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $2,540,000.00
- Loan Date: 08/18/2021
- Lender: RRA Capital
- Broker: Kyle McDonough - Tower Capital
This transaction features Kyle McDonough acting as the broker representing the deal through Tower Capital, facilitating the arrangement between the lender and the property owner.
Players
Texarkana Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.25%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93