ASI Global Secures $19.2M Construction Loan For Doral Hotel
10770 Northwest 25th Street
$19,235,000
$242/SF
Building Size
79,410 SF
Asset Type
Hotel
Closing
May 2, 2023
About this deal
AI
A construction loan for a hotel property located at 10770 Northwest 25th Street in Doral has been secured. The hotel has a total square footage of 79,410 and consists of 125 rooms. The loan amount for this transaction is $19,235,000.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $19,235,000
- Address: 10770 Northwest 25th Street
- Market: Doral
- Asset Type: Hotel
- Square Footage: 79,410
- Number of Rooms: 125
The landlord for this property is ASI Global. The deal was facilitated through the broker, Robert Bhat from Marcus & Millichap. The loan type is a construction loan, and the loan terms include a 65% loan to cost, which includes Conventional Bank + PACE Financing. The primary sponsor for this loan is a foreign national.
Note: Competitive rates on loans are still available. For more information about financing, please contact [email protected].
Market 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
0.82%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93