酒店

$9.3 Million Hotel Loan

Fair Lawn, New Jersey 美國

文件

進入「交易室」即可查閱此物業的相關文件。

有關本物業的保密文件已上載於交易室以供查閱。要進入交易室,請登入您的帳戶。如尚未建立帳戶,請即建立您的帳戶。如有疑問,請查閱「常見問題」。
我接受保密協議
歡迎建立您的 Investor Centre 帳戶,儲存您的搜尋結果及設定投資偏好,儲存及分享投資機遇,查閱獨家文件及更多。如有疑問,請查閱<a href="#">「常見問題」。</a> 如想進入交易室,請提交申請予我們的物業顧問團隊批核。申請獲批核後,我們將會以電郵通知閣下。如有疑問,請查閱<a href="#">「常見問題」。</a> 您必須先簽署保密協議才可查閱上載於交易室內的專用文件。一經簽署保密協議,表示您同意及確認不會洩露及公開有關本物業的敏感資料。如有疑問,請查閱「常見問題」。
我接受保密協議 我接受保密協議
歡迎建立您的 Investor Centre 帳戶,儲存您的搜尋結果及設定投資偏好,儲存及分享投資機遇,查閱獨家文件及更多。如有疑問,請查閱<a href="#">「常見問題」。</a> 您必須先簽署保密協議才可查閱上載於交易室內的專用文件。一經簽署保密協議,表示您同意及確認不會洩露及公開有關本物業的敏感資料。如有疑問,請查閱「常見問題」。

特點

Loan Status Sub-Performing
物業類別 Hospitality

Asset Description

Jones Lang LaSalle (“JLL”) is pleased to offer for sale a commercial mortgage loan with an unpaid principal balance of $9,300,000 (the “Loan”) that has an impending initial maturity in September 2021. The Loan is secured by a first-lien mortgage on the fee-simple interest in a 143-key limited-service hotel located in Fair Lawn, Bergen County, NJ (the “Property” or “Collateral”).

The Loan was originated in August 2018 for an initial three-year term with a one-year extension option. During the initial term, interest-only payments were payable based on 1-month LIBOR + 4.050% (subject to a 2.050% LIBOR floor) and an actual/360-day count method.

The Property is a 4-story limited-service hotel that opened in 1999. The Property is located along NJ Route 208 at the interchange with NJ Route 4, just west of the Garden State Parkway. The area has some of northern New Jersey’s premier shopping within five miles as Garden State Plaza, Bergen Town Center and The Shops at Riverside are all east of the property along NJ Route 4.

投資亮點

Strong Historical Performance

Prior to COVID-19, the Property generated NOI greater than $900,000 per year with occupancy above 70% and RevPAR of +/-$90.

Impending Maturity and Workout Flexibility

With the impending initial Loan maturity, a potential purchaser has various workout options available. A full payoff of the loan would include payment of a 0.500% exit fee.

Equity Pledge

The Sponsor pledged their equity interests in the Borrower as additional collateral.

PIP Extension

The franchisor granted an extension on the PIP with initial requirements due by April 2022 and all work to be completed by April 2023.

Convenient Location

Located along the NJ Route 4 corridor in Bergen County, the Property is located less than 5 miles from several of northern New Jersey’s premier shopping centers. Additionally, MetLife Stadium, the new American Dream mall, Newark Liberty International Airport, and the George Washington Bridge into northern Manhattan are all within 20-30-minute drives from the Property.

Last Updated Date: 30 Aug 2021
Tom Hall
Tom Hall
Managing Director, Capital Markets
Adam Grant
Adam Grant
Vice President, Production Support

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: 30 Aug 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。