Sheridan Capital Provides $6M Bridge Loan For Hollywood Hotel At 315 Arthur St & 322 Nevada St. (Image: Joe Back)
FINANCED
$6,000,000
Florida
See Similar DealsHotel80,000 SF
Financed 12/09/2021
FINANCED
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
See Similar DealsHotel80,000 SF
Financed 12/09/2021
Summary
FLORIDA
Asset Type:Hotel
Price Per Square Foot:$75
Total Square Footage:80,000 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,000,000.00
Monthly NOI$40,000.00
Monthly Debt Service$37,924.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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