Bank Of America Provides $47M Refinance Loan For West Palm Beach Hotel | 380 Trinity Place | Michael Weinberg, Scott Wadler, Edmund Aramayo | Hotel | Loan

Summary

Loan

FLORIDA

Hotel

150 sqft

The property involved in this transaction is a hotel located at 380 Trinity Place in West Palm Beach. The property, owned by Driftwood Capital, was recently refinanced through a loan provided by Bank of America. The loan amount for this refinance was $47,000,000.

Summary of transaction details

Property Type: Hotel
Transaction Amount: $47,000,000
Lender: Bank of America
Developer: Driftwood Capital
Brokers: Michael Weinberg, Scott Wadler, and Edmund Aramayo of Berkadia
Loan Type: Refinance

The loan for the hotel refinancing was facilitated by Michael Weinberg, Scott Wadler, and Edmund Aramayo, who acted as brokers for Berkadia. Their expertise and negotiation skills were essential in securing the loan from Bank of America on behalf of Driftwood Capital.

Players

All
4

Agents
3
Agencies
1

$101M Sold

$396.7M Sold

Details

Deal Summary

FINANCED

IMAGE: Scott Wadler, Michael Weinberg & Edmund Aramayo DATE: 09/28/2023 ADDRESS: 380 Trinity Place MARKET: West Palm Beach ASSET TYPE: Hotel LENDER: Bank Of America (@BankOfAmerica) DEVELOPER: Driftwood Capital (@DriftwoodCapital) BROKERS: Michael Weinberg, Scott Wadler (@SWadler1) & Edmund Aramayo (@Edgy_A) - Berkadia (@Berkadia) LOAN AMOUNT: $47,000,000 LOAN TYPE: Refinance

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Address380 Trinity Place

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