8 oct 2015 · Equity investors will receive a 10 preferred return and 100 of cash Strong Hilton Brand ~ Hampton Inn, a Hilton hotel brand, is a highly
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Property Type͗ Limited Serǀice Hotel
Total Oīering͗ Ψ3,100,000
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Capital Stack
Stonehill Senior FinancingInvestor MezzanineCurrent Owner Implied Equity +$03721 ,11Ĵ3IK0287+ 0((7H1* 10FRQPMŃP
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Senior Loan 17,000,000
Mezzanine Investors3,100,000
Interim Financing200,000
Deposit75,000
Cash Sweep post maturity200,000
TOTAL SOURCE20,575,000
Loan Payoff @ Maturity13,204,381
Estimated Cont. LNR Costs/Further Default115,000
TIC Equity Account/Buyout200,000
Deposit75,000
Prefunded Debt Service Reserves180,000
Subtotal: Bridge Loan Charges982,500
Subtotal: Preferred Equity Closing Costs249,000
Subtotal: Third Party Reports28,550
Subtotal: Escrow & Title Charges471,190
Subtotal: Entity Charges104,250
Subtotal: Other Charges95,000
Subtotal: Deal Specific4,870,129
TOTAL USES20,575,000
SOURCES
USESSTONEHILL
SOURCES AND USES
Updated 9.30.15
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(TXLP\ JMPHUIMOOVLowMidHigh
Cap Rate7.54%7.01%6.48%
Price Per Door$172,000$185,000$200,000
Year 5 Valuation$23,392,000$25,160,000$27,200,000
Cost of Sales and Refinance$1,005,240$1,062,700$1,129,000 Stonehill Loan Payoff$17,000,000$17,000,000$17,000,000 Stonehill Profit Participation$498,590$920,700$1,407,750 Investor Return of Principal$3,100,000$3,100,000$3,100,000 Investor Last Dollar as % of Value92.36%87.77%83.22%Mezzanine Returns$1,495,770$2,762,100$4,223,250
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