FINANCED
Hillcrest Finance Provides $32.3M Loan For Orlando Hotel Acquisition At 5612-14 Major Blvd
5612-14 Major Boulevard
Hotel
Financed 1 year ago
Summary
Loan
FLORIDA
Hotel
The recently closed property transaction involved a hotel located at 5612-14 Major Boulevard in Orlando. The hotel consists of 195 keys and was acquired through an acquisition loan of $32,300,000. The loan, provided by Hillcrest Finance LLC, has a term of three years.
Summary of transation details
- Property Type: Hotel
- Transaction Amount: $32,300,000
- Address: 5612-14 Major Boulevard
- Market: Orlando
- Loan Type: Acquisition Loan
- Loan Terms: Three-year term
Leading the transaction were Michael Weinberg and Wyatt Krapf from Berkadia Hotels & Hospitality, who represented the buyer and seller as brokers. The landlord in this deal is Paceline Equity Partners. They played a pivotal role in facilitating the transaction.
Players
All
4
Agents
2
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Wyatt Krapf & Michael Weinberg
DATE: 12/01/2021
ADDRESS: 5612-14 Major Boulevard
MARKET: Orlando
ASSET TYPE: Hotel ~ KEYS: 195
LENDER: Hillcrest Finance LLC
LANDLORD: Paceline Equity Partners
BROKERS: Michael Weinberg & Wyatt Krapf (@WyattK_tampabay)- Berkadia Hotels & Hospitality
LOAN AMOUNT: $32,300,000
LOAN TYPE: Acquisition Loan
LOAN TERMS: three-yearView on map
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Address5612-14 Major Boulevard
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