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
About this deal
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.
The hotel loan at 44 Federal Highway, Dania Beach, Florida 33004, United States in Dania, Florida financed for $14.9M in 2022. 44 Federal Highway, Dania Beach, Florida 33004, United States is classified as Hotel on Traded. Noam Kaminetzky, Meridian Capital Group appear on the loan alongside Meridian Capital Group. This page is the Dania, Florida file for the 44 Federal Highway, Dania Beach, Florida 33004, United States hotel financed: pricing, party profiles, and other closed hotel comps from the same Dania sit in the Market section below. Filter that Dania hotel set by closing date to see what else financed near 44 Federal Highway, Dania Beach, Florida 33004, United States around 2022. Published consideration for 44 Federal Highway, Dania Beach, Florida 33004, United States is $14.9M, dated 2022. Cite this AD1 Global Secures $14.9M Senior Loan For 115-Key Hotel In Dania Beach loan when underwriting similar hotel product around Dania, Florida.
Players
Dania Hotel Market Snapshot
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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