Hotels & hospitality

$13.5 Million NP Mezzanine Hotel Loan

abc 123 Various, California United States
Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A

Documents

Confidentiality Agreement
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1922

Property Description

The Mezzanine Loan is secured by the equity interest in the entity which owns a 134-key full-service, boutique hotel located in San Francisco, CA (the “Hotel”). Constructed in 1922 and most recently renovated in 2014, the Hotel includes amenities such as a restaurant, 1,764 SF of meeting space, an indoor pool, a full-service spa, and a business center. The Hotel enjoys a prime location in the highly sought-after Nob Hill neighborhood of San Francisco. The Mezzanine Loan affords investors with the opportunity to acquire a mezzanine loan on a well-located, upscale hotel in a high barrier to entry submarket.

Investment Highlights

Jones Lang Lasalle (“JLL”) has been retained on an exclusive basis to arrange the sale of a $13.5 million mezzanine mortgage loan (the “Mezzanine Loan”). The Mezzanine Loan carries an interest rate of 7.65% floating over 30-day LIBOR (subject to a LIBOR floor of 1.00%), an initial maturity date of October 1, 2021, and a fully extended maturity date of October 1, 2023. The Loan was originated alongside a $47.0 million senior mortgage loan (the “Senior Loan”), which is coterminous to the Mezzanine Loan.
Last Updated Date: 02 Feb 2021
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Last Updated Date: 02 Feb 2021

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