Deutsche Bank Provides $130M Floating-Rate Loan For Fort Lauderdale Hotel

The Carlyle Group and InSite Group have closed on a hotel property located at 1140 Seabreeze Blvd in Fort Lauderdale. The property, a hotel with 481 units, was financed with a $130,000,000 floating-rate loan provided by Deutsche Bank.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $130,000,000
• Address: 1140 Seabreeze Blvd
• Market: Fort Lauderdale
• Lender: Deutsche Bank
• Landlord: The Carlyle Group & InSite Group
• Brokers: Jordan Roeschlaub, Dustin Stolly, Nick Scribani, Chris Kramer, John Gallagher - Newmark Knight Frank
• Units: 481

The team from Newmark Knight Frank, including brokers Jordan Roeschlaub, Dustin Stolly, Nick Scribani, Chris Kramer, and John Gallagher, represented the buyers, The Carlyle Group and InSite Group, in this transaction.