Edgewood Capital Advisors Provides $7M Bridge Loan For Kissimmee Hotel
4311 West Vine Street, Kissimmee, Florida 34746, United States
$7,000,000
Building Size
—
Asset Type
Hotel
Closing
Oct 6, 2022
AI
An hotel located at 4311 W Vine St in Kissimmee has recently been involved in a transaction. The property, which is a bridge loan transaction, was financed by Edgewood Capital Advisors and the lender representative in this deal was Tom McDevitt. The loan amount for this transaction was $7,000,000.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $7,000,000
- Address: 4311 W Vine St
- Market: Kissimmee
This transaction involved Edgewood Capital Advisors as the lender and Tom McDevitt as the representative for the lender. The bridge loan provided $7,000,000 for the hotel property located at 4311 W Vine St in Kissimmee.
Players
Kissimmee 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93