FINANCEDHotel
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
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.
Players
Miami 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
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93