Jake Wurzak & Scott Wadler Refinance Hotel In Deerfield Beach For $27.5M With Amerant Bank
100 Fairway Drive
$27,500,000
Building Size
—
Asset Type
Hotel
Closing
Sep 22, 2022
AI
Amerant Bank has provided a refinancing loan in the amount of $27,500,000 for the property located at 100 Fairway Dr in Deerfield Beach. The property, a hotel with 221 keys, is owned by DoveHill Capital Management, represented by Jake Wurzak. The lending transaction was facilitated by Scott Wadler of Berkadia.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $27,500,000
- Address: 100 Fairway Dr
- Market: Deerfield Beach
- Asset Type: Hotel
- Keys: 221
DoveHill Capital Management, led by Jake Wurzak, is the landlord of the property. The refinancing loan provided by Amerant Bank, brokered by Scott Wadler of Berkadia, will serve to support the hotel's ongoing operations and potential future expansions.
Players
Deerfield Beach Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.58%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93