Kahler Grand
A hotel property in Rochester, Minnesota. Securitized in 1 CMBS deal in 2018.
$83.0MAppraised value (latest deal)
49.4%Occupancy
$6.1MUnderwritten NOI
7.4%Implied cap rate
- Address
- 20 2nd Avenue Southwest, Rochester, MN 55902
- Property type
- Hotel · Full Service
- Year built
- 1926-1968
- Size
- 660 Rooms
- Sponsor
- Javon R. Bea; Vita E. Bea
- Loan purpose
- Refinance
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMARK 2018-B1 | 2018-01-31 | $83.0M | 49.4% | $6.1M | 7.4% | $14.4M | 66.7% | 1.50x | 424B |
More CMBS properties in Minnesota →
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%.