Sheridan Capital Provides $6M Bridge Loan For Hollywood Hotel At 315 Arthur St & 322 Nevada St. (Image: Joe Back)
315 Arthur Street, Hollywood, Florida 33019, United States
$6,000,000
$75/SF
Building Size
80,000 SF
Asset Type
Hotel
Closing
Dec 9, 2021
AI
The Hollywood hotel located at 315 Arthur St & 322 Nevada St has been involved in a recent transaction. The hotel spans an area of 80,000 square feet and offers 33 rooms.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $6,000,000
- Address: 315 Arthur St & 322 Nevada St
- Market: Hollywood
- Square Footage: 80,000
- Number of Keys: 33
The loan for this transaction was provided by Sheridan Capital, represented by Lee Schwartz and Michael Yassky. The loan type is a Bridge Loan. Joe Back from the brokerage firm served as the broker for this deal.
Players
Hollywood 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93