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CBRE Secures $27M Refinance For Hampton Inn & Suites By Hilton Seattle Downtown
FINANCED
$27,000,000
Washington
See Similar DealsHotel
Financed 11/20/2024
FINANCED
CBRE Secures $27M Refinance For Hampton Inn & Suites By Hilton Seattle Downtown
700 5th Avenue North
See Similar DealsHotel
Financed 11/20/2024
Summary
WASHINGTON
Asset Type:Hotel
Transaction Type:Loan
The transaction involved a refinance loan for the Hampton Inn & Suites by Hilton Seattle Downtown, a 199-room hotel located at 700 5th Avenue North in Seattle, WA. The loan amount was $27,000,000, supporting the hotel's financial needs following its renovation in 2020.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $27,000,000
- Loan Type: Refinance
- Address: 700 5th Avenue North
- Market: Seattle, WA
- Asset Size: 199 rooms
CBRE arranged the refinancing for the property, with Connor Lemley, Griffin Walker, and Regina Wang representing the brokerage in this transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$27,000,000.00
Monthly NOI$180,000.00
Monthly Debt Service$170,658.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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