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Noam Temchin From FM Capital Arranges $2.85M Permanent Loan For Pompano Beach Hotel

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FINANCED
$2,850,000

Florida

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Hotel10,155 SF
Financed 03/18/2024
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Property Image
FINANCED

Noam Temchin From FM Capital Arranges $2.85M Permanent Loan For Pompano Beach Hotel

1020 Riverside Drive

See Similar Deals
Hotel10,155 SF
Financed 03/18/2024
Contact now

Summary

FLORIDA
Asset Type:Hotel
Price Per Square Foot:$280
Total Square Footage:10,155 SF
Transaction Type:Loan

The hotel property located at 1020 Riverside Drive in Pompano Beach, with a total square footage of 10,155, was involved in a recent transaction. The loan amount for this property was $2,850,000, secured through a Permanent Loan.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $2,850,000
  • Market: Pompano Beach
  • Lender's Rep: Noam Temchin - FM Capital
  • Loan Type: Permanent Loan

Noam Temchin from FM Capital served as the lender's representative in this transaction.

Players

Noam Temchin
16 deals$105.9M volume
BROKER

Details

FINANCED
IMAGE: Noam Temchin DATE: 03/18/2024 ADDRESS: 1020 Riverside Drive MARKET: Pompano Beach ASSET TYPE: Hotel ~ SF: 10,155 LENDER'S REP: Noam Temchin - FM Capital LOAN AMOUNT: $2,850,000 LOAN TYPE: Permanent Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,850,000.00

Monthly NOI$19,000.00
Monthly Debt Service$18,013.94
Change in Cash Flow$0.00
Refinance Proceeds$0.00