JLL Arranges $74.7M Construction Loan For Reston, VA Hotel
FINANCED
$74,700,000
Virginia
See Similar DealsHotel
Financed 01/19/2023
FINANCED
JLL Arranges $74.7M Construction Loan For Reston, VA Hotel
1975 Opportunity Way, Reston, Virginia 20190, United States
See Similar DealsHotel
Financed 01/19/2023
Summary
VIRGINIA
Asset Type:Hotel
Transaction Type:Loan
The property involved in this transaction is a hotel located at 1975 Opportunity Way in Reston, VA. The deal was facilitated by Jamie Leachman and Chris Hew from JLL. The loan amount for this transaction is $74,700,000, and it is a construction loan.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $74,700,000
- Address: 1975 Opportunity Way, Reston, VA
- Market: Reston, VA
- Brokers: Jamie Leachman & Chris Hew - JLL
- Loan Type: Construction
Jamie Leachman and Chris Hew from JLL played a crucial role in facilitating this deal, representing the parties involved in the transaction.
Players
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$74,700,000.00
Monthly NOI$498,000.00
Monthly Debt Service$472,154.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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