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Hall Structured Finance Provides $52M Construction Loan For Perry Hotel Naples In Florida

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FINANCED
$52,000,000

Florida

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Development Site
Financed 10/03/2023
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FINANCED

Hall Structured Finance Provides $52M Construction Loan For Perry Hotel Naples In Florida

12155 Tamiami Trail North

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Development Site
Financed 10/03/2023
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Summary

FLORIDA
Asset Type:Development Site
Transaction Type:Loan

Hall Structured Finance has provided a $52 million construction loan for the development of the Perry Hotel Naples in Florida. The hotel, owned by FOD Capital, will consist of 160 rooms and will be located at 12155 Tamiami Trail North. Situated in Naples, the hotel will offer guests amenities such as rooftop pools, a restaurant, and easy access to the Cocohatchee River and Wiggins State Park.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $52,000,000
  • Lender: Hall Structured Finance
  • Landlord: FOD Capital
  • Broker: District Capital

Hall Structured Finance, represented by Bryce Yamauci, provided the financing for the development of the Perry Hotel Naples. FOD Capital, led by Michael Raymond, will add this hotel to its expanding portfolio. With its prime location in Naples and its array of amenities, the Perry Hotel Naples is set to be a desirable destination for visitors.

Players

LENDER

Details

FINANCED
IMAGE: Bryce Yamauci & Michael Raymond DATE: 10/03/2023 ADDRESS: 12155 Tamiami Trail North - Perry Hotel Naples MARKET: Naples ASSET TYPE: Development Site LENDER: Hall Structured Finance - Bryce Yamauci LANDLORD: FOD Capital - Michael Raymond BROKER: District Capital LOAN AMOUNT: $52,000,000 LOAN TYPE: Construction Loan NOTE: Hall Structured Finance has provided $52 million in financing for the development of the 160-room Perry Hotel Naples in Florida by FOD Capital. The hotel will have rooftop pools, a restaurant, and access to the Cocohatchee River and Wiggins State Park, adding to FOD's hotel portfolio.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$52,000,000.00

Monthly NOI$346,666.67
Monthly Debt Service$328,675.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00