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Canyon Partners Provides $37M Loan For Hotel In Gainesville

Property Image
FINANCED
$37,000,000
Tyler Dumon
Andrew Harwood
Daniel (Dan) Morin
+ 4

Florida

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Hotel135,562 SF
Financed 06/07/2022
the dealplayerscompscontact
Property Image
FINANCED

Canyon Partners Provides $37M Loan For Hotel In Gainesville

1714 Southwest 34th Street, Gainesville, Florida 32607, United States

See Similar Deals
Hotel135,562 SF
Financed 06/07/2022
Tyler Dumon
Andrew Harwood
Daniel (Dan) Morin
+ 4
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Hotel
Price Per Square Foot:$272
Total Square Footage:135,562 SF
Transaction Type:Loan

The hotel located at 1714 SW 34th Street in Gainesville has been involved in a recent transaction. The property, consisting of 248 keys, was the subject of the deal.

Summary of transaction details

The lending institution for this transaction was Canyon Partners Real Estate. Arden Group acted as the landlord in the deal. On the other hand, the brokers involved in the transaction were Dustin Stolly, Jordan Roeschlaub, Chris Kramer, Nick Scribani, Tyler Dumon, Dan Morin, and Andrew Harwood from Newmark.

Players

Dustin Stolly
Walker & Dunlop
Dustin Stolly
267 deals$49.4B volume
BROKER
Nick Scribani
Newmark
Nick Scribani
193 deals$55.3B volume(212) 372-2113
BROKER
Christopher (Chris) Kramer
Newmark
Christopher Kramer
114 deals$23B volume(212) 850-5472
BROKER
Daniel (Dan) Morin
Newmark
Daniel Morin
11 deals$1.2B volume
BROKER
Tyler Dumon
Newmark
Tyler Dumon
22 deals$3.7B volume
BROKER
Andrew Harwood
Newmark
Andrew Harwood
1 deal$37M volume
BROKER
Jordan (Jordy) Roeschlaub
Newmark
Jordan Roeschlaub
324 deals$97.5B volume
BROKER
Arden Group
Arden Group
LENDER
Canyon Partners
Canyon Partners
LENDER
Arden Group
Arden Group
LANDLORD

Details

FINANCED
IMAGE: Chris Kramer, Jordan Roeschlaub, Dustin Stolly & Nick Scribani DATE: 06/07/2022 ADDRESS: 1714 SW 34th Street MARKET: Gainesville ASSET TYPE: Hotel ~ KEYS: 248 LENDER: Canyon Partners Real Estate LANDLORD: Arden Group BROKERS: Dustin Stolly, Jordan Roeschlaub (@JordyRoeschlaub), Chris Kramer, Nick Scribani (@ScribSays), Tyler Dumon, Dan Morin & Andrew Harwood - Newmark (@Newmark) LOAN AMOUNT: $37,000,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$37,000,000.00

Monthly NOI$246,666.67
Monthly Debt Service$233,865.17
Change in Cash Flow$0.00
Refinance Proceeds$0.00