Marcus & Millichap Capital Corporation Secures $15.2 Million Loan For Hilton Garden Inn Fairfax
3950 Fair Ridge Drive
$15,190,000
Building Size
—
Asset Type
Hotel
Closing
Sep 29, 2025
About this deal
AI
The asset involved in the transaction is the Hilton Garden Inn Fairfax, a hotel located at 3950 Fair Ridge Drive, Fairfax, VA. This property boasts 149 keys and is a key player in the local hospitality market.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $15,190,000
- Market: Fairfax, VA
- Loan Amount: $15,190,000
- Keys: 149
- Broker: Robert Bhat - Marcus & Millichap
- Financing Type: Non-recourse
- LTV: 70%
- Interest Rate: 7%
- Term: 5 years
- Interest Structure: Full-term interest only
Marcus & Millichap Capital Corporation arranged the financing for the asset on behalf of a private client, utilizing a national investment bank to secure the loan. This transaction highlights the collaboration between the brokerage and a financial institution for effective capital solutions.
On the Map
$15,190,000
Hotel
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Players
Fairfax 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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93