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19999 West Country Club Drive

Bank Of China Provides $412.3M Refinance Loan For Aventura Hotel
FINANCEDHotel

Bank Of China Provides $412.3M Refinance Loan For Aventura Hotel

19999 West Country Club Drive

$412,300,000

Building Size

Asset Type

Hotel

Closing

Aug 9, 2022

AI

A hotel located at 19999 W Country Club Dr in Aventura has been involved in a loan transaction.

Summary of transaction details:

The loan amount for this transaction was $412,300,000, and it was a refinance loan. The lender in this deal was Bank of China, represented by Liu Liange. The landlord of the property is Fontainebleau Development, represented by Jeff Soffer and Brett Mufson. The brokers involved in the transaction were Jordan Roeschlaub and Dustin Stolly, representing Newmark.

Players

Dustin Stolly

Walker & Dunlop

Broker

$49.4B

vol

267 deals

Broker
Bank of China
Bank of ChinaLender
Jeff Soffer

Jeff Soffer

Fontainebleau Development

Landlord

$3.3B

vol

13 deals

Landlord

Aventura 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

0.04%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93