Jake Wurzak & Scott Wadler Refinance Hotel In Deerfield Beach For $27.5M With Amerant Bank
FINANCED
$27,500,000
Florida
See Similar DealsHotel
Financed 09/22/2022
FINANCED
Jake Wurzak & Scott Wadler Refinance Hotel In Deerfield Beach For $27.5M With Amerant Bank
100 Fairway Drive
See Similar DealsHotel
Financed 09/22/2022
Summary
FLORIDA
Asset Type:Hotel
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$27,500,000.00
Monthly NOI$183,333.33
Monthly Debt Service$173,818.71
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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