Broadshore Capital Partners Provides $19.8M Construction Loan For Hotel In Seattle
FINANCED
$19,800,000
Washington
See Similar DealsHotel
Financed 07/25/2022
FINANCED
Broadshore Capital Partners Provides $19.8M Construction Loan For Hotel In Seattle
117 Yale Avenue North, Seattle, Washington 98109, United States
See Similar DealsHotel
Financed 07/25/2022
Summary
WASHINGTON
Asset Type:Hotel
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$19,800,000.00
Monthly NOI$132,000.00
Monthly Debt Service$125,149.47
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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