JLL Arranges $74.7M Construction Loan For Reston, VA Hotel
1975 Opportunity Way, Reston, Virginia 20190, United States
$74,700,000
Building Size
—
Asset Type
Hotel
Closing
Jan 19, 2023
AI
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
Reston 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93