Peter Berk Of PMZ Realty Capital Secures $6.5 Million Loan For SpringHill Suites In Jacksonville
4385 Southside Boulevard
$6,500,000
Building Size
—
Asset Type
Hotel
Closing
Apr 21, 2026
About this deal
AI
The property asset involved in this transaction is the SpringHill Suites by Marriott, which features 104 rooms. It is located at 4385 Southside Boulevard, Jacksonville, Florida. The hotel is situated in proximity to I-95 and Jacksonville International Airport, catering to both business and travel demand. This property is equipped with various amenities including business facilities, a fitness center, and complimentary breakfast.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $6,500,000
- Landlord: Peter Berk
- Agency: PMZ Realty Capital
- Market: Jacksonville
- Keys: 104
PMZ Realty Capital LLC played a pivotal role in securing the $6.5 million permanent loan from a German bank. This transaction marks the seventh deal executed with the same sponsorship group, highlighting a sustained partnership in the hospitality market.
Players
Jacksonville 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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93