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Square Mile Capital Management Provides $56.3M Acquisition Loan For Philadelphia Hotel

120 South 17th Street
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This Hotel property located in PA received a loan of $56,300,000 over 1 year ago. The brokers of the deal were Mark A. Fisher and Ryan Ade

The hotel located at 120 S 17th St in Philadelphia has been acquired in a closed transaction. The property, which consists of 306 keys, was involved in an acquisition loan deal. The loan amount for this transaction was $56,300,000 and it was provided by Square Mile Capital Management. Oaktree Capital Management and Clearview Hotel Capital are the landlords for this property.

Summary of transation details

  • Property Type: Hotel
  • Transaction Amount: $56,300,000
  • Address: 120 S 17th St
  • Market: Philadelphia
  • Keys: 306

JLL brokers Mark Fisher and Ryan Ade represented the parties involved in this transaction.

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Deals
  • Location
    120 South 17th Street, Philadelphia, Pennsylvania 19145, United States120 South 17th Street, Philadelphia, Pennsylvania 19145, United States
  • Loan Value
    $56,300,000$56,300,000
  • Asset Type
    HotelHotel
  • Parties
    2 Brokers, 1 Agency, 1 Lender2 Brokers, 1 Agency, 1 Lender

Agents

Mark A. Fisher

Mark A. Fisher

Deals1
Financed$56.3M

Ryan Ade

Ryan Ade

Deals6
Financed$569.5M

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

Square Mile Capital

Square Mile Capital

Lender
Deals47
Volume$ 465.2B

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Deal Summary

LOAN IMAGE: Mark Fisher & Ryan Ade DATE: 08/10/2022 ADDRESS: 120 S 17th St MARKET: Philadelphia ASSET TYPE: Hotel ~ KEYS: 306 LENDER: Square Mile Capital Management LANDLORD: Oaktree Capital Management & Clearview Hotel Capital BROKERS: Mark Fisher & Ryan Ade - JLL (@JLL) LOAN AMOUNT: $56,300,000 LOAN TYPE: Acquisition Loan

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120 South 17th Street

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