Noam Temchin From FM Capital Arranges $2.85M Permanent Loan For Pompano Beach Hotel
1020 Riverside Drive
$2,850,000
$280/SF
Building Size
10,155 SF
Asset Type
Hotel
Closing
Mar 18, 2024
About this deal
AI
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.
The hotel loan at 1020 Riverside Drive in Fort Lauderdale, Florida financed for $2.9M in 2024. The building is 10,155 square feet, implying about 280 per square foot on the published price. Noam Temchin, FM Capital appear on the loan alongside FM Capital. This page is the Fort Lauderdale, Florida file for the 1020 Riverside Drive hotel financed: pricing, party profiles, and other closed hotel comps from the same Fort Lauderdale sit in the Market section below. Filter that Fort Lauderdale hotel set by closing date to see what else financed near 1020 Riverside Drive around 2024. Published consideration for 1020 Riverside Drive is $2.9M, dated 2024. Cite this Noam Temchin From FM Capital Arranges $2.85M Permanent Loan For Pompano Beach Hotel loan when underwriting similar hotel product around Fort Lauderdale, Florida.
Players
Fort Lauderdale 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
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93