Noam Temchin From FM Capital Arranges $2.85M Permanent Loan For Pompano Beach Hotel
FINANCED
$2,850,000
Florida
See Similar DealsHotel10,155 SF
Financed 03/18/2024
FINANCED
Noam Temchin From FM Capital Arranges $2.85M Permanent Loan For Pompano Beach Hotel
1020 Riverside Drive
See Similar DealsHotel10,155 SF
Financed 03/18/2024
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.
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Deal Type
30 years
10 years
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
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