FINANCED
Acres Capital Provides $85.75M Loan For Delray Beach Hotel By Menin Development
233 Northeast 2nd Avenue
Hotel
895 SF
895 SF
Financed 1 year ago
Summary
Loan
FLORIDA
Hotel
895 sqft
The hotel located at 233 NE 2nd Avenue in Delray Beach, FL, was recently involved in a closed property transaction. The transaction took place on June 30, 2021, and the property was financed through a loan provided by Acres Capital. The loan amount for this transaction was $85,750,000. Menin Development, represented by Craig Menin, acted as the landlord in this deal. The brokers involved in the transaction were Richard Horowitz and Justin Horowitz from CooperHorowitz LLC.
Summary of Transaction Details
- Property Type: Hotel
- Transaction Amount: $85,750,000
Richard Horowitz and Justin Horowitz from CooperHorowitz LLC played a key role as brokers in this transaction. They represented the buyer, seller, landlord, or tenant in this deal. This closed property transaction showcases the collaboration between various individuals and companies to facilitate the purchase or lease of the hotel property in Delray Beach, FL.
Players
All
4
Agents
2
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Richard Horowitz, Craig Menin & Justin Horowitz
DATE: 06/30/2021
ADDRESS: 233 NE 2nd Avenue
MARKET: Delray Beach, FL
ASSET TYPE: Hotel
LENDER: Acres Capital
LANDLORD: Menin Development - Craig Menin
BROKERS: Richard Horowitz & Justin Horowitz - @CooperHorowitz LLC
LOAN AMOUNT: $85,750,000View on map
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Address233 Northeast 2nd Avenue
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