Sammy Gil Of Fairwinds Credit Union Provides $7.65M Refinance Loan For Fort Walton Beach Hotel
FINANCED
$7,650,000
Florida
See Similar DealsHotel45,282 SF
Financed 02/06/2025
FINANCED
Sammy Gil Of Fairwinds Credit Union Provides $7.65M Refinance Loan For Fort Walton Beach Hotel
407 Miracle Strip Parkway Southwest
See Similar DealsHotel45,282 SF
Financed 02/06/2025
Summary
FLORIDA
Asset Type:Hotel
Price Per Square Foot:$168
Total Square Footage:45,282 SF
Transaction Type:Loan
The property asset involved in this transaction is a hotel located at 407 Miracle Strip Parkway Southwest in Fort Walton Beach. It features a total of 80 keys and encompasses a square footage of 45,282. The loan associated with this property is a refinance valued at $7,650,000.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $7,650,000
- Address: 407 Miracle Strip Parkway Southwest
- Market: Fort Walton Beach
- Asset Size: 80 keys
- Total Square Footage: 45,282
- Lender: Sammy Gil - Fairwinds Credit Union
- Attorney: Adam J. Weiss & Sebastian Bohorquez - Weiss Law
- Loan Type: Refinance
The deal involved key individuals including Sammy Gil of Fairwinds Credit Union who served as the lender. Additionally, the legal representation was provided by Adam J. Weiss and Sebastian Bohorquez from Weiss Law, highlighting the professional support behind the transaction.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,650,000.00
Monthly NOI$51,000.00
Monthly Debt Service$48,353.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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