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

Property Image
FINANCED
$7,000,000

Florida

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Hotel
Financed 10/07/2022
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Property Image
FINANCED

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

4311 West Vine Street, Kissimmee, Florida 34746, United States

See Similar Deals
Hotel
Financed 10/07/2022
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Summary

FLORIDA
Asset Type:Hotel
Transaction Type:Loan

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

LENDER

Details

FINANCED
IMAGE: Tom McDevitt DATE: 10/07/2022 ADDRESS: 4311 W Vine St MARKET: Kissimmee ASSET TYPE: Hotel LENDER: Edgewood Capital Advisors (@Edgewood_Capital) - Tom McDevitt LOAN AMOUNT: $7,000,000 LOAN TYPE: Bridge Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$7,000,000.00

Monthly NOI$46,666.67
Monthly Debt Service$44,244.76
Change in Cash Flow$0.00
Refinance Proceeds$0.00