Winston Capital Partners Acquires Hotel In Kissimmee For $8.2M Loan
2691 Livingston Road, Kissimmee, Florida 34747, United States
$8,200,000
Building Size
—
Asset Type
Hotel
Closing
Dec 23, 2021
About this deal
AI
Located at 2691 Livingston Road in Kissimmee, this hotel property was recently involved in a closed transaction. The hotel consists of 378 keys, making it a substantial asset in the market.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $8,200,000
- Loan Type: Bridge Loan
- Loan Terms: $8,200,000 - 1 year bridge loan with a 1 year option
The syndicator for this transaction was Winston Capital Partners, represented by David Burstyn. Winston Capital Partners is known for their expertise in lending and real estate investment, with a multigenerational experience. They offer business purpose loans for bridge, residential, commercial mortgages, renovation, and new construction as a first mortgage. Their streamlined underwriting and closing process enables funding to occur in as little as 7 days. For those in need of a business purpose loan, they can be contacted via direct message on Instagram (@davidburstyn) or by phone at (305) 507-7479.
Kissimmee 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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93