Hall Structured Finance Provides $29.4M Loan For Aventura Hotel
2820 Northeast 214th Street, Aventura, Florida 33180, United States
$29,400,000
Building Size
—
Asset Type
Hotel
Closing
Mar 16, 2022
About this deal
AI
The property involved in this closed transaction is a hotel located at 2820 NE 214th St in Aventura. It consists of 100 keys and was sold on 03/17/2022.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $29,400,000
- Address: 2820 NE 214th St, Aventura
- Market: Aventura
- Lender: Hall Structured Finance (HSF)
- Landlord: Rieber Developments & Driftwood Hospitality Management
The buyer's representatives in this deal were Dmitry Levkov & Jeffrey Donnelly from Colliers.
The hotel loan at 2820 Northeast 214th Street, Aventura, Florida 33180, United States in Miami, Florida financed for $29.4M in 2022. 2820 Northeast 214th Street, Aventura, Florida 33180, United States is classified as Hotel on Traded. Jeffrey Donnelly, Dmitry Levkov, Colliers appear on the loan alongside Colliers. This page is the Miami, Florida file for the 2820 Northeast 214th Street, Aventura, Florida 33180, United States hotel financed: pricing, party profiles, and other closed hotel comps from the same Miami sit in the Market section below. Filter that Miami hotel set by closing date to see what else financed near 2820 Northeast 214th Street, Aventura, Florida 33180, United States around 2022. Published consideration for 2820 Northeast 214th Street, Aventura, Florida 33180, United States is $29.4M, dated 2022. Cite this Hall Structured Finance Provides $29.4M Loan For Aventura Hotel loan when underwriting similar hotel product around Miami, Florida.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93