FINANCEDHotel
Twain Financial Partners Provides $16M Bridge Loan For Hotel In Spokane
110 South Madison Street
$16,000,000
$547/SF
Building Size
29,200 SF
Asset Type
Hotel
Closing
Dec 2, 2022
AI
An asset in Spokane, located at 110 South Madison Street, has recently been involved in a closed loan transaction. The property is a hotel with a size of 29,200 square feet.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $16,000,000
- Lender: Twain Financial Partners
- Landlord: Curtis Rystadt
- Brokers: Jason Roth & Matteo Elias – Colliers
Twain Financial Partners acted as the lender in the deal. The loan amount for this transaction was $16,000,000.
Players
Market 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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93