Updated Mar 11, 2025
Arriba Capital Secures $63.9M Construction Loan For Bellevue, WA Hotel
208 106th Place Northeast, Bellevue, Washington 98004, United States
$63,900,000
Building Size
—
Asset Type
Hotel
Closing
Jul 24, 2022
About this deal
AI
The hotel located at 208 106th Pl NE in Bellevue, WA has recently undergone a transaction. The property, consisting of 200 keys, was involved in a closed loan deal.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $63,900,000
- Address: 208 106th Pl NE, Bellevue, WA
- Market: Bellevue, WA
- Lender: Arriba Capital
- Loan Type: Construction loan
This loan transaction took place on July 25, 2022. Arriba Capital provided a construction loan amounting to $63,900,000 for the hotel property located at 208 106th Pl NE in Bellevue, WA.
On the Map
$63,900,000
Hotel
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Bellevue 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93