PMZ Realty Capital LLC Secures $14.5M Construction Loan For Holiday Inn Express & Suites In Haltom City
5040 Northeast Loop 820
$14,500,000
Building Size
—
Asset Type
Hotel
Closing
Mar 5, 2025
About this deal
AI
The asset involved is a 125-room hotel located at 5040 Northeast Loop 820 in Haltom City, known as the Holiday Inn Express & Suites Haltom City-Fort Worth. A construction loan was secured for an amount of $14,500,000 to refinance a high-interest loan. The hotel opened its doors in October 2024 and benefits from strong demand drivers, attributed to its proximity to major corporations, airports, and attractions.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $14,500,000
- Market: Haltom City
- Keys: 125
- Loan Type: Construction
The broker representing this transaction was Peter Berk from PMZ Realty Capital LLC, who arranged the financing for the deal. The loan was privately funded and managed to secure favorable terms despite the hotel's lack of operating history.
Players
Haltom City 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
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93