Bridge Investment Group Loans $40M For Marriott Fairview Park Hotel In Falls Church
3111 Fairview Park Drive
$40,000,000
Building Size
—
Asset Type
Hotel
Closing
Apr 18, 2024
AI
The 395-room Marriott Fairview Park Hotel in Falls Church, Va., located at 3111 Fairview Park Drive, was the subject of a $40 million loan from Bridge Investment Group. The loan was facilitated by Berkadia, with Lakewood Hotel Group serving as the landlord.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $40,000,000
- Keys: 395
- Lender: Bridge Investment Group
- Landlord: Lakewood Hotel Group
- Broker: Berkadia
Berkadia played a crucial role in facilitating the financing for the $40 million loan extended by Bridge Investment Group for the Marriott Fairview Park Hotel. This collaboration highlights the key individuals and companies involved in the transaction, showcasing the expertise and partnerships within the hospitality real estate sector.
Falls Church 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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93