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Tower Capital Arranges $10.3M Acquisition Loan For Texarkana Hotel

5001 & 5020 North Cowhorn Creek Loop
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This Hotel property located in TX received a loan of $10,300,000 over 2 years ago.

Located in Texarkana, the property involved in this closed transaction is a hotel with 175 keys. The address of the property is 5001 & 5020 N Cowhorn Creek Loop.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $10,300,000
  • Market: Texarkana
  • Loan Type: Acquisition
  • Loan Terms: Three-year terms, fixed interest rates, and 77 percent loan-to-cost ratios

The deal was facilitated by Tower Capital, the broker representing the parties involved. The loan amount for the acquisition was $10,300,000, with the terms including three-year durations, fixed interest rates, and a loan-to-cost ratio of 77 percent.

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Deals
  • Location
    5001 North Cowhorn Creek Loop, Texarkana, TX, USA5001 North Cowhorn Creek Loop, Texarkana, TX, USA
  • Loan Value
    $10,300,000$10,300,000
  • Asset Type
    HotelHotel

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Deal Summary

LOAN IMAGE: Kyle McDonough & Adam Finkel DATE: 09/03/2021 ADDRESS: 5001 & 5020 N Cowhorn Creek Loop MARKET: Texarkana ASSET TYPE: Hotel ~ KEYS: 175 BROKER: Tower Capital LOAN AMOUNT: $10,300,000 LOAN TYPE: Acquisition LOAN TERMS: three-year terms, fixed interest rates and 77 percent loan-to-cost ratios

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