The property involved is the Hilton Garden Inn, located at 4328 Garden Vista Drive in Riverview. This hotel asset comprises 119 rooms and has been refinanced for a loan amount of $14,500,000. The refinance is a 10-year, fixed-rate, non-recourse loan that includes interest-only payments, providing financial flexibility for the ownership group.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $14,500,000
• Lender: Gary Coscia - Largo Capital
• Landlord: Gerald Sapp - GS Development
• Loan Type: Refinance
• Loan Terms: 10-year, fixed-rate, non-recourse loan includes interest-only payments

This transaction involved Gerald Sapp representing GS Development as the landlord and also included the involvement of Gary Coscia, who served as the lender through Largo Capital. The refinancing package was notable for providing cash out to the borrower despite encountering delays caused by back-to-back hurricanes.