酒店

$14.8 Million Defaulted Hotel Construction Loan

Denver, CO 美國
叫價 查詢售價
面積 不適用
淨營運收入 淨營運收入 不適用
投資回報率 不適用
叫價 查詢售價
面積 不適用
淨營運收入 淨營運收入 不適用
投資回報率 不適用

特點

Loan Status Non-Performing
物業類別 Hospitality

物業簡介

Jones Lang LaSalle (“JLL”) has been retained by the Seller on an exclusive basis to arrange the sale of a $14,812,399 ($103K per key) interest in a non-performing hotel construction loan (the “Loan” or “Tranche A”). Originated on September 23, 2019, the Loan was structured with an initial maturity date of November 23, 2020. The interest-only Loan carries a contractual rate of 10.00%. The Loan is senior to a $7,030,828 participation interest (“Tranche B”), which carries an interest rate of 6.00%.

On October 23, 2020, the Lender issued a notice of default for, among other things, failure to make timely payments. Currently, default interest is being charged on both the Loan (18.00%) and Tranche B (11.00%), which have total payoff amounts of $16,638,403 and $7,858,644, respectively.

The Loan is secured by a deed of trust against a partially-constructed 144-key select-service hotel and 14,352-SF restaurant/conference center located within the Denver MSA (the “Hotel” or the “Collateral). As of September 2020, the Hotel was scheduled to be opened in July 2022. Planned amenities include an indoor pool and whirlpool, a fitness room, a business center, a market pantry, a guest laundry room, and outdoor patio areas.

CLICK TO ACCESS THE CONFIDENTIALITY AGREEMENT

投資亮點

POTENTIAL PATH TO TITLE - With the Loan in default, investors could potentially pursue remedies under the loan documents or a restructure with the Borrower.

GROWTH SUBMARKET - Located near the Denver International Airport, the submarket has experienced significant growth in the last few years. Large infrastructure investments provide convenient access to Downtown Denver, and there has been increased growth in retail amenities, office concentration and enhanced schools & parks.

ACCRUING DEFAULT INTEREST - Protective advances in excess of $1MM are accruing default interest since Tranche B has not funded their pro-rata share. Additionally, default interest totaling $1.267MM has accrued on the Tranche A principal balance, which can be pursued by noteholder under the loan documents.

Last Updated Date: 11 Nov 2021

提交要求時出現錯誤。請重試或在此提交查

 

私隱通知

仲量聯行(包括附屬公司及聯屬公司)是全球著名的房地產及投資管理服務供應商。我們認真履行保障向我們提供的個人資料的責任。

一般而言,我們向你收集的個人資料僅用於處理你的查詢。

我們致力以適當的安全級別保障你的個人資料,並在法律允許的商業或法律原因下保留我們所需的時間。其後我們將安全及穩妥地刪除有關資料。有關仲量聯行如何處理你的個人資料的更多詳情,請查閱我們的私隱聲明

Last Updated Date: 11 Nov 2021

如有疑問,請查閱「常見問題」。

JLL 融資顧問服務

JLL可助您管理投資組合及籌集資金。
請即以電郵聯絡我們,瞭解我們如何助您實現願景。