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RRA Capital Provides $11.3M Loan For Hotel At 1220 Marsh Landing Parkway In Jacksonville Beach

Property Image
FINANCED
$11,300,000

Florida

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Hotel13,372 SF
Financed 04/08/2021
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Property Image
FINANCED

RRA Capital Provides $11.3M Loan For Hotel At 1220 Marsh Landing Parkway In Jacksonville Beach

1220 Marsh Landing Parkway

See Similar Deals
Hotel13,372 SF
Financed 04/08/2021
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Hotel
Price Per Square Foot:$845
Total Square Footage:13,372 SF
Transaction Type:Loan

The transaction involves a hotel asset located at 1220 Marsh Landing Parkway in Jacksonville Beach. The loan amount secured for the property is $11,300,000.00.

Summary of transaction details:

Broker Jeffrey Pacailler represents the parties involved in this loan transaction, facilitating the deal between the lender RRA Capital and the hotel asset owner.

Players

Cronheim Hotel Capital
Cronheim Hotel Capital
BROKERAGE
RRA Capital
RRA Capital
LENDER

Details

FINANCED
IMAGE: 04/08/2021 ADDRESS: 1220 Marsh Landing Parkway MARKET: Jacksonville Beach ASSET TYPE: Hotel BROKERS: Jeffrey Pacailler() LENDER: RRA Capital LOAN AMOUNT: $11,300,000.00

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$11,300,000.00

Monthly NOI$75,333.33
Monthly Debt Service$71,423.69
Change in Cash Flow$0.00
Refinance Proceeds$0.00