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5001 North Cowhorn Creek Loop

RRA Capital Provides $2.54M Loan For Hotel At 5001 North Cowhorn Creek Loop In Texarkana
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:

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

Kyle McDonough

Tower Capital

Broker

$471M

vol

11 deals

Broker
RRA Capital
RRA CapitalLender

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