Georgian Terrace
A hotel property in Atlanta, Georgia. Securitized in 1 CMBS deal in 2015.
$78.5MAppraised value (latest deal)
74.4%Occupancy
$5.6MUnderwritten NOI
7.1%Implied cap rate
- Address
- 659 Peachtree Street, Atlanta, GA 30308
- Property type
- Hotel · Full Service
- Year built
- 1911
- Size
- 326 Rooms
- Sponsor
- Sotherly Hotels LP
- Loan purpose
- Refinance
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| MSBAM 2015-C23 | 2015-06-18 | $78.5M | 74.4% | $5.6M | 7.1% | $47.0M | 59.9% | 1.66x | 424B |
Historical NOI reported in MSBAM 2015-C23
| Period ending | NOI |
|---|---|
| 3/31/2015 TTM | $5.9M |
| 12/31/2013 | $4.5M |
| 12/31/2012 | $4.0M |
More CMBS properties in Georgia →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.