Adam Glick, Josh Greene & Billy Haber Of Maxim Capital Group Provide $28.5M Refinance For Garden Hotel In Fort Lauderdale
FINANCED
$28,500,000
Florida
See Similar DealsHotel67,254 SF
Financed 10/24/2025
FINANCED
Adam Glick, Josh Greene & Billy Haber Of Maxim Capital Group Provide $28.5M Refinance For Garden Hotel In Fort Lauderdale
3711 North Ocean Boulevard
See Similar DealsHotel67,254 SF
Financed 10/24/2025
Summary
FLORIDA
Asset Type:Hotel
Price Per Square Foot:$423
Total Square Footage:67,254 SF
Transaction Type:Loan
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
LENDER
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$28,500,000.00
Monthly NOI$190,000.00
Monthly Debt Service$180,139.39
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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