Doradus Partners Secures $140M Loan For 997-Room Hotel In Orlando With Lender HALL Structured Finance
Orlando, FL, USA & Orlando, FL, USA
$140,000,000
$53/SF
Building Size
2,613,600 SF
Asset Type
—
Closing
Feb 10, 2020
About this deal
AI
Doradus Partners, the landlord, secured a loan of $140,000,000 from HALL Structured Finance (HSF), represented by Brad Ferguson. The loan was obtained on February 11, 2020, for a hotel property located in Orlando. The hotel consists of 997 rooms and is a significant asset in the market.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $140,000,000
- Lender: HALL Structured Finance (HSF) - Brad Ferguson
- Landlord: Doradus Partners
- Rooms: 997
Brad Ferguson, representing HALL Structured Finance (HSF), facilitated the loan arrangement for Doradus Partners. This transaction highlights the collaboration between the lender and the landlord, contributing to the development of the hotel property in Orlando.
Players
Orlando CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93