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

Property Image
FINANCED
$2,540,000

Texas

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Hotel85,259 SF
Financed 08/18/2021
the dealplayerscompscontact
Property Image
FINANCED

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

5001 North Cowhorn Creek Loop

See Similar Deals
Hotel85,259 SF
Financed 08/18/2021
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Hotel
Price Per Square Foot:$29
Total Square Footage:85,259 SF
Transaction Type:Loan

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
Kyle McDonough
11 deals$471M volume
BROKER
RRA Capital
RRA Capital
LENDER
SI
Sterling Group Inc.
LANDLORD

Details

FINANCED
IMAGE: 08/18/2021 ADDRESS: 5001 North Cowhorn Creek Loop MARKET: Texarkana ASSET TYPE: Hotel BROKERS: Kyle McDonough(Tower Capital) LENDER: RRA Capital LOAN AMOUNT: $2,540,000.00

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,540,000.00

Monthly NOI$16,933.33
Monthly Debt Service$16,054.53
Change in Cash Flow$0.00
Refinance Proceeds$0.00