J&M Hotel

The subject property is a 25,430 square foot, 3-story historic facade building located at the intersection of 1st Avenue South and South Washington Street in the Pioneer Neighborhood of downtown Seattle. The building currently has a cafe/entertainment venue in the ground floor space and the top two floors are currently a vacant shell, with plans to develop the property into an amenity-rich 25-room boutique hotel, featuring a restaurant, coffee shop and large music venue and full bar in the basement space.

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  • Property Type Hotel
  • PurposeRefinance
  • Gross Annual Coupon9.80%
  • Loan Amount$5,100,000
  • Loan to Value64.6%
Location

Seattle, Washington

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