Adam Glick, Josh Greene & Billy Haber Of Maxim Capital Group Provide $28.5M Refinance For Garden Hotel In Fort Lauderdale
3711 North Ocean Boulevard
$28,500,000
$423/SF
Building Size
67,254 SF
Asset Type
Hotel
Closing
Oct 23, 2025
AI
The property asset involved in the transaction is The Garden Hotel and Resort located at 3711 North Ocean Boulevard in Fort Lauderdale. This hotel has 155 keys and comprises a total square footage of 67,254. The total loan amount for the refinance transaction is $28,500,000.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $28,500,000
- Address: 3711 North Ocean Boulevard
- Market: Fort Lauderdale
- Asset Square Footage: 67,254
- Keys: 155
- Lender: Adam Glick, Josh Greene & Billy Haber - Maxim Capital Group
- Broker: Max Ralby - Newmark
- Loan Type: Refinance
Key individuals involved in the transaction include lenders Adam Glick, Josh Greene, and Billy Haber from Maxim Capital Group, providing the financing for the deal, while Max Ralby from Newmark represented the broker in the transaction.
Players
Fort Lauderdale 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
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93