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315 Arthur Street, Hollywoo...

Sheridan Capital Provides $6M Bridge Loan For Hollywood Hotel At 315 Arthur St & 322 Nevada St. (Image: Joe Back)
FINANCEDHotel

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

Joseph Back

FM Capital⁠

Broker

$17M

vol

2 deals

Broker
Michael Yassky

Michael Yassky

Sheridan Capital

Lender

$155M

vol

8 deals

Lender
Sheridan Capital
Sheridan CapitalLender

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