Grupo Sion Acquires Kissimmee Hotel With $10M Acquisition Loan From LV Lending
FINANCED
$10,000,000
Florida
See Similar DealsHotel390,300 SF
Financed 04/21/2023
FINANCED
Grupo Sion Acquires Kissimmee Hotel With $10M Acquisition Loan From LV Lending
2261 West Irlo Bronson Memorial Highway
See Similar DealsHotel390,300 SF
Financed 04/21/2023
Summary
FLORIDA
Asset Type:Hotel
Price Per Square Foot:$25
Total Square Footage:390,300 SF
Transaction Type:Loan
Located at 2261 Irlo Bronson Memorial Highway in Kissimmee, this hotel property spans 390,300 square feet. The transaction, which took place on April 21, 2023, involved an Acquisition Loan for a loan amount of $10,000,000. The lender, LV Lending represented by Camilo Nino, Ricardo Uribe, and Alen Hernandez, facilitated the loan. Grupo Sion served as the landlord in this transaction.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $10,000,000
- Lender: LV Lending - Camilo Nino, Ricardo Uribe, Alen Hernandez
- Landlord: Grupo Sion
The Acquisition Loan for this hotel property was arranged by LV Lending, with Camilo Nino, Ricardo Uribe, and Alen Hernandez serving as the representatives of the lender. The transaction demonstrates the investment potential in Kissimmee's hotel market.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,000,000.00
Monthly NOI$66,666.67
Monthly Debt Service$63,206.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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