Broadshore Capital Partners Provides $19.8M Construction Loan For Hotel In Seattle
117 Yale Avenue North, Seattle, Washington 98109, United States
$19,800,000
Building Size
—
Asset Type
Hotel
Closing
Jul 24, 2022
AI
117 Yale Avenue North is a hotel property located in Seattle, WA. The property consists of 200 keys and was involved in a closed transaction.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $19,800,000
- Address: 117 Yale Avenue North, Seattle, WA
- Market: Seattle, WA
- Lender: Broadshore Capital Partners - Brad Howe
- Landlord: RevPAR Companies
- Loan Type: Construction Loan
The lender for this transaction was Broadshore Capital Partners, represented by Brad Howe. The landlord of the property is RevPAR Companies. The loan, in the amount of $19,800,000, was a construction loan.
Players
Seattle 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
0.80%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93