Romair Secures $12,500,000 Bridge Loan From Forman Capital For Hotel In Inlet Beach
25 Kaiya Ave
$12,500,000
Building Size
—
Asset Type
Hotel
Closing
Sep 21, 2026
About this deal
AI
The asset involved in the transaction is a hotel located at 25 Kaiya Ave in Inlet Beach, covering an area of 1.8 acres. The loan amount for this property transaction is $12,500,000, categorized as a bridge loan.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $12,500,000
- Lender: Brett Forman, Ben Jacobson, Scott Mehlman, and Ty Regnier - Forman Capital
- Borrower: Romair
- Date of Transaction: 09/21/2026
Key individuals involved in this transaction include Brett Forman, Ben Jacobson, Scott Mehlman, and Ty Regnier, all from Forman Capital, who provided the financing. Romair is the identified borrower in this loan arrangement.
On the Map
$12,500,000
Hotel
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Players
Inlet Beach 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
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93