Altitude International Holdings Secures $15M Mezzanine Loan For Port St. Lucie Hotel
4500 Southeast Pine Valley Street
$15,000,000
Building Size
—
Asset Type
Hotel
Closing
Sep 2, 2022
About this deal
AI
The property asset involved in this transaction is a hotel located at 4500 SE Pine Valley St, Port St. Lucie, FL, covering an area of 216 acres.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $15,000,000
- Lender: Monolith Capital, represented by John Hohos and Robert Pokora; Feenix Venture Partners represented by Keith Lee
- Landlord: Altitude International Holdings, Inc.
- Loan Type: Mezzanine
Key individuals in this transaction include John Hohos and Robert Pokora from Monolith Capital, along with Keith Lee from Feenix Venture Partners, who played significant roles in securing the loan for the landlord, Altitude International Holdings, Inc.
On the Map
$15,000,000
Hotel
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Players
Port Saint Lucie Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Deal FAQ
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