FINANCEDHotel
AD1 Global Secures $14.9M Senior Loan For 115-Key Hotel In Dania Beach
44 Federal Highway, Dania Beach, Florida 33004, United States
$14,900,000
Building Size
—
Asset Type
Hotel
Closing
May 3, 2022
AI
AD1 Global has secured a $14,900,000 senior loan from Slate Real Estate Capital for the acquisition of a hotel property located at 44 N Federal Hwy in Dania Beach. The hotel consists of 115 keys and is situated in the Dania Beach market.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $14,900,000
- Address: 44 N Federal Hwy
- Market: Dania Beach
- Keys: 115
Noam Kaminetzky of Meridian Capital Group represented AD1 Global as the broker in this transaction.
Players
Dania 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93