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3711 North Ocean Boulevard

Adam Glick, Josh Greene & Billy Haber Of Maxim Capital Group Provide $28.5M Refinance For Garden Hotel In Fort Lauderdale
FINANCEDHotel

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

Max Ralby

Newmark

Broker

$3.8B

vol

74 deals

Broker
Maxim Capital Group
Maxim Capital GroupLender
Adam Glick

Adam Glick

Maxim Capital Group

Originator

$1B

vol

27 deals

Originator

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