AD1 Global Secures $14.9M Senior Loan For 115-Key Hotel In Dania Beach
FINANCED
$14,900,000
Florida
See Similar DealsHotel
Financed 05/04/2022
FINANCED
AD1 Global Secures $14.9M Senior Loan For 115-Key Hotel In Dania Beach
44 Federal Highway, Dania Beach, Florida 33004, United States
See Similar DealsHotel
Financed 05/04/2022
Summary
FLORIDA
Asset Type:Hotel
Transaction Type:Loan
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
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,900,000.00
Monthly NOI$99,333.33
Monthly Debt Service$94,178.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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