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1714 Southwest 34th Street,...

Canyon Partners Provides $37M Loan For Hotel In Gainesville
FINANCEDHotel

Canyon Partners Provides $37M Loan For Hotel In Gainesville

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

$37,000,000

$272/SF

Building Size

135,562 SF

Asset Type

Hotel

Closing

Jun 6, 2022

AI

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

Broker

$49.4B

vol

268 deals

Broker
Arden Group
Arden GroupLender
Arden Group
Arden GroupLandlord

Gainesville Hotel Market Snapshot

Boundary boundary · Hotel · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.43%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93