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$14M Loan Arranged For SpringHill Suites Hotel In Centreville VA By Robert Bhat Of Marcus & Millichap
FINANCED
$14,000,000
Virginia
See Similar DealsHotel
Financed 12/23/2025
FINANCED
$14M Loan Arranged For SpringHill Suites Hotel In Centreville VA By Robert Bhat Of Marcus & Millichap
5920 Trinity Parkway
See Similar DealsHotel
Financed 12/23/2025
Summary
VIRGINIA
Asset Type:Hotel
Transaction Type:Loan
The property involved is a hotel asset located at 5920 Trinity Parkway in Centreville, VA, featuring 136 keys. The financing secured for the property was $14,000,000 with a loan structured for a term of 5 years and an interest-only payment plan at a rate of 6.8%, reflecting a loan-to-value ratio of 65%.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $14,000,000
- Address: 5920 Trinity Parkway
- Market: Centreville, VA
- Keys: 136
The loan was arranged by Marcus & Millichap Capital Corporation, which played a crucial role in facilitating the financing from a national bank. The broker representing the lender in this transaction was Robert Bhat from Marcus & Millichap.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,000,000.00
Monthly NOI$93,333.33
Monthly Debt Service$88,489.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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