Altitude International Holdings Secures $15M Mezzanine Loan For Port St. Lucie Hotel
FINANCED
$15,000,000
Florida
See Similar DealsHotel
Financed 09/02/2022
FINANCED
Altitude International Holdings Secures $15M Mezzanine Loan For Port St. Lucie Hotel
4500 Southeast Pine Valley Street
See Similar DealsHotel
Financed 09/02/2022
Summary
FLORIDA
Asset Type:Hotel
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,000,000.00
Monthly NOI$100,000.00
Monthly Debt Service$94,810.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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