Värde Partners Provides $110M Acquisition Loan For Paradise Valley Resort
FINANCED
$110,000,000
+ 1
Arizona
See Similar DealsOther22,000 SF
Financed 11/04/2021
FINANCED
Värde Partners Provides $110M Acquisition Loan For Paradise Valley Resort
5700 East McDonald Drive, Paradise Valley, AZ, USA
See Similar DealsOther22,000 SF
Financed 11/04/2021
+ 1
Summary
ARIZONA
Asset Type:Other
Price Per Square Foot:$5,000
Total Square Footage:22,000 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$110,000,000.00
Monthly NOI$733,333.33
Monthly Debt Service$695,274.83
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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