Värde Partners Provides $110M Acquisition Loan For Paradise Valley Resort
5700 East McDonald Drive, Paradise Valley, AZ, USA
$110,000,000
$5,000/SF
Building Size
22,000 SF
Asset Type
Other
Closing
Nov 4, 2021
About this deal
AI
A resort property located at 5700 East McDonald Drive in Paradise Valley, AZ has been involved in a recent transaction. The resort spans approximately 22,000 square feet and is situated on 53 acres of land.
Summary of transaction details
- Property Type: Resort
- Transaction Amount: $110,000,000
- Address: 5700 East McDonald Drive
- Market: Paradise Valley, AZ
- Square Footage: 22,000
- Acres: 53
The loan for the acquisition of this resort property was provided by Värde Partners. The landlords involved in the transaction are Gurney’s Resorts, BB Hotels, Metrovest Equities represented by George Filopoulos, and BLDG Management represented by Lloyd Goldman. The brokers who facilitated the deal were Dustin Stolly, Jordan Roeschlaub, Nick Scribani, and Dan Morin from Newmark.
On the Map
$110,000,000
$5,000/SF
Other
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Players
Paradise Valley Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93