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1550 North Atlantic Avenue
FINANCED

Driftwood Capital Secures $60M Refinance Loan For Cocoa Beach Hotel With Bank Of America

1550 North Atlantic Avenue

Hotel
clock iconFinanced 122 days ago
Michael Weinberg
Alec Fox
Scott Wadler
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Summary

Loan
FLORIDA
Hotel

The hotel located at 1550 North Atlantic Avenue in Cocoa Beach has undergone a refinancing transaction. The property is owned by Driftwood Capital and the lender for the refinancing is Bank of America. The loan amount for this transaction is $60,000,000. It is a three-year, full-term interest-only loan provided by a national bank.

Summary of transaction details:

The refinancing deal involved key individuals and companies, including brokers Alec Fox, Edmund Aramayo, Michael Weinberg, and Scott Wadler from Berkadia who represented the parties in the transaction.

Players

  • All

    6

  • Agents

    4

  • Agencies

    1

  • Lenders

    1

Michael Weinberg's profile picture
Michael Weinberg
Berkadia-image
Managing Director
$101M Sold
Scott Wadler's profile picture

Details

Deal Summary
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FINANCED
IMAGE: Scott Wadler, Alec Fox, Michael Weinberg & Edmund Aramayo DATE: 12/21/2023 ADDRESS: 1550 North Atlantic Avenue MARKET: Cocoa Beach ASSET TYPE: Hotel LENDER: Bank of America (@BankofAmerica) OWNER: Driftwood Capital (@DriftwoodCapital) BROKERS: Alec Fox(@alecfox1), Edmund Aramayo (@Edgy_A), Michael Weinberg (@Weino_Mike) & Scott Wadler (@SWadler1) - Berkadia (@Berkadia) LOAN AMOUNT: $60,000,000 LOAN TYPE: Refinance LOAN TERM: Three year, full term interest only loan with a national bank.

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Address1550 North Atlantic Avenue

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