Washington Business Journal A 206-room Holiday Inn hotel in the Washington, D.C., suburb of Greenbelt, Md., will be sold tomorrow at a foreclosure auction. The property, at 7200 Hanover Drive, serves as collateral for $8.2 million of debt that's securitized ...
60 percent leased.
fully leased. The buyer used a $66.7 million Fannie Mae loan, written by Capital One Multifamily Finance, to help fund the property's purchase.
40 percent leased. It backs a $15.85 million loan that's securitized through GMAC Commercial Mortgage Securities, 2000-C3. The loan was paid through March 2010 and matured in September 2010. It had been transferred to special servicer Berkadia Commercial
97 percent leased.
The property generated an unleveraged internal rate of return of 16.9 percent during the period it was owned by Washington REIT.
the land can accommodate up to 602,000 square feet.