Hayri Dayi Secures $4M Acquisition Loan For Hotel At 132 Isle Of Venice Drive

The asset involved in this transaction is a hotel located at 132 Isle of Venice Drive in the Fort Lauderdale market. The property encompasses 12,500 square feet and consists of 20 keys. The loan amount for this acquisition is $4,000,000 with terms set for 2 years on an interest-only basis.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $4,000,000
• Asset Address: 132 Isle of Venice Drive
• Market: Fort Lauderdale
• Square Footage: 12,500 SF
• Keys: 20
• Lender: Berk Ocal - OCAL Capital Corp.
• Landlord: Hayri Dayi
• Loan Type: Acquisition
• Loan Terms: 2 Year Interest Only

Berk Ocal represents OCAL Capital Corp. in the lending of the acquisition loan, while Hayri Dayi is the landlord associated with the property in this transaction.