MG Developer Closes $23 Million Refinance With Interaudi Bank For Regency Miami Airport Hotel
1000 Northwest 42nd Avenue
$23,000,000
Building Size
—
Asset Type
Hotel
Closing
Feb 12, 2026
About this deal
AI
The asset involved in this transaction is the Regency Miami Airport by Sonesta, a hotel featuring 176 keys located at 1000 Northwest 42nd Avenue in Miami. The transaction involved a refinancing loan amount of $23,000,000, focusing on enhancing the capital structure for the property. The hotel is a five-story building situated in the Miami market.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $23,000,000
- Lender: Interaudi Bank
- Landlord: Alirio Torrealba - MG Developer
The deal involves MG Developer, represented by Alirio Torrealba, securing a refinancing arrangement from Interaudi Bank to optimize the financial structure of the hotel. The refinancing presents opportunities for future development on available land, particularly as the surrounding Miami Airport submarket is poised to benefit from new developments, including Miami Freedom Park and Inter Miami CF’s upcoming stadium complex.
On the Map
$23,000,000
Hotel
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Players
Miami Hotel Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93