Manuel Vidal Of Metropolitan Commercial Bank Provides $5.5M Refinance Loan For Hotel In Miami
118 Southwest South River Drive
$5,500,000
Building Size
—
Asset Type
Hotel
Closing
Feb 19, 2026
About this deal
AI
The property involved in the transaction is a hotel located at 118 Southwest South River Drive in Miami, featuring 72 keys. The loan amount for this property is $5,500,000, and the loan type is a refinance.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $5,500,000
- Lender: Manuel Vidal - Metropolitan Commercial Bank
- Landlord: Avra Jain - The Vagabond Group
- Market: Miami
Manuel Vidal, representing Metropolitan Commercial Bank, facilitated the loan for the refinancing, while Avra Jain, with The Vagabond Group, is the landlord associated with this property transaction.
On the Map
$5,500,000
Hotel
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Players
Miami 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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93