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Marcus & Millichap Capital Corporation Secures $15.2 Million Loan For Hilton Garden Inn Fairfax
FINANCED
$15,190,000
Virginia
See Similar DealsHotel
Financed 09/29/2025
FINANCED
Marcus & Millichap Capital Corporation Secures $15.2 Million Loan For Hilton Garden Inn Fairfax
3950 Fair Ridge Drive
See Similar DealsHotel
Financed 09/29/2025
Summary
VIRGINIA
Asset Type:Hotel
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,190,000.00
Monthly NOI$101,266.67
Monthly Debt Service$96,011.13
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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