Updated Jul 29, 2026
Michael J. Gefter Secures $3,570,000 Loan For Hotel In Everett At 224 128th St Sw
224 128th St Sw
$3,570,000
$134/SF
Building Size
26,544 SF
Asset Type
Hotel
Closing
Apr 28, 2022
About this deal
AI
The asset involved in this transaction is a hotel located at 224 128th St Sw in Everett. The loan amount for this property is $3,570,000.00.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $3,570,000.00
- Address: 224 128th St Sw
- Market: Everett
- Broker: Michael J. Gefter
This transaction is represented by Michael J. Gefter as the broker, who facilitated the loan amount of $3,570,000.00 for the hotel property in Everett.
The hotel loan at 224 128th St Sw in Everett, Washington financed for $3.6M in 2022. The building is 26,544 square feet, implying about 134 per square foot on the published price. Named participants on the 224 128th St Sw loan are Michael J. Gefter. This page is the Everett, Washington file for the 224 128th St Sw hotel financed: pricing, party profiles, and other closed hotel comps from the same Everett sit in the Market section below. Filter that Everett hotel set by closing date to see what else financed near 224 128th St Sw around 2022. Published consideration for 224 128th St Sw is $3.6M, dated 2022. Cite this Michael J. Gefter Secures $3,570,000 Loan For Hotel In Everett At 224 128th St Sw loan when underwriting similar hotel product around Everett, Washington.
Players
Everett Hotel Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.44%
Cash-on-Cash
-1.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93