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3650 REIT Provides $38M Loan For San Antonio Hotel Acquisition On Lexington Avenue

115 Lexington Avenue
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This Hotel property located in TX received a loan of $38,000,000 about 2 years ago. The brokers of the deal were Dylan Brandt and Lawrence Britvan

The Hotel property located at 115 Lexington Avenue in San Antonio has been involved in a recent closed transaction. The property consists of 162 keys and has been a notable asset in the market.

Summary of transaction details

  • Property Type: Hotel
  • Address: 115 Lexington Avenue
  • Market: San Antonio
  • Keys: 162

During this transaction, a loan of $38,000,000 was secured from 3650 REIT. The loan terms include a duration of 30 months with two six-month extension options. Jonathan Roth, Michael Fleischer, Joel Thompson, and Noah Moghavem represented 3650 REIT as the lenders.

DC Partners, represented by Douglas Dillard, served as the landlord in this deal. The brokerage firm Hodges Ward Elliott, with Lawrence Britvan and Dylan Brandt as the brokers, facilitated the transaction.

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Deals
  • Location
    115 Lexington Avenue, San Antonio, Texas 78205, United States115 Lexington Avenue, San Antonio, Texas 78205, United States
  • Loan Value
    $38,000,000$38,000,000
  • Asset Type
    HotelHotel
  • Parties
    2 Brokers, 2 Agencies, 1 Lender2 Brokers, 2 Agencies, 1 Lender

Agents

Lawrence Britvan

Lawrence Britvan

Deals3
Financed$93M

Agencies

Hodges Ward Elliott

Hodges Ward Elliott

Agency
Deals68
Volume$5.8B

CBRE

CBRE

Agency
Deals4229
Volume$184.3B

3650 REIT

3650 REIT

Lender
Deals20
Volume$ 77.3B

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Deal Summary

LOAN IMAGE: Jonathan Roth, Douglas Dillard, Noah Moghavem, Lawrence Britvan & Dylan Brandt DATE: 03/07/2022 ADDRESS: 115 Lexington Avenue MARKET: San Antonio ASSET TYPE: Hotel ~ KEYS: 162 LENDER: 3650 REIT - Jonathan Roth, Michael Fleischer, Joel Thompson & Noah Moghavem LANDLORD: DC Partners - Douglas Dillard BROKERS: Lawrence Britvan & Dylan Brandt - Hodges Ward Elliott LOAN AMOUNT: $38,000,000 LOAN TERMS: 30 months and two six-month extension options

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115 Lexington Avenue

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