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
About this deal
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.
The hotel loan at 5001 North Cowhorn Creek Loop in Texarkana, Texas financed for $2.5M in 2021. The building is 85,259 square feet, implying about 29 per square foot on the published price. Kyle McDonough, Tower Capital appear on the loan alongside Tower Capital. This page is the Texarkana, Texas file for the 5001 North Cowhorn Creek Loop hotel financed: pricing, party profiles, and other closed hotel comps from the same Texarkana sit in the Market section below. Filter that Texarkana hotel set by closing date to see what else financed near 5001 North Cowhorn Creek Loop around 2021. Published consideration for 5001 North Cowhorn Creek Loop is $2.5M, dated 2021. Cite this RRA Capital Provides $2.54M Loan For Hotel At 5001 North Cowhorn Creek Loop In Texarkana loan when underwriting similar hotel product around Texarkana, Texas.
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