PGIM Real Estate Provides $150M Loan For 510 Water St Hotel In Tampa
FINANCED
$150,000,000
Florida
See Similar DealsHotel
Financed 07/29/2022
FINANCED
PGIM Real Estate Provides $150M Loan For 510 Water St Hotel In Tampa
510 Water Street, Tampa, Florida 33602, United States
See Similar DealsHotel
Financed 07/29/2022
Summary
FLORIDA
Asset Type:Hotel
Transaction Type:Loan
The hotel located at 510 Water St in Tampa has been involved in a recent closed transaction. The property encompasses 56 acres and consists of 519 keys.
Summary of transation details
- Property Type: Hotel
- Transaction Amount: $150,000,000
- Address: 510 Water St
- Market: Tampa
- Keys: 519
- Acreage: 56 acres
The lender for this transaction was PGIM Real Estate, represented by Eric Adler. They provided a loan amount of $150,000,000 for the hotel. The loan terms stipulate that only interest payments are required throughout the entire 10-year term.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$150,000,000.00
Monthly NOI$1,000,000.00
Monthly Debt Service$948,102.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions