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4311 West Vine Street, Kiss...

Edgewood Capital Advisors Provides $7M Bridge Loan For Kissimmee Hotel
FINANCEDHotel

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

Edgewood Capital Advisors
Edgewood Capital AdvisorsLender

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