FINANCED
Driftwood Capital Secures $60M Refinance Loan For Cocoa Beach Hotel With Bank Of America
1550 North Atlantic Avenue
Hotel
Financed 138 days ago
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:
- Property Type: Hotel
- Transaction Amount: $60,000,000
- Lender: Bank of America
- Owner: Driftwood Capital
- Brokers: Alec Fox, Edmund Aramayo, Michael Weinberg, Scott Wadler - Berkadia
- Loan Type: Refinance
- Loan Term: Three years
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
Details
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.View on map
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Address1550 North Atlantic Avenue
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