facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Hotel

/

Loan

/

7500 Us Highway 19

Michael J. Gefter Secures $5,000,022 Loan For Hotel In Pinellas Park
FINANCEDHotel

Michael J. Gefter Secures $5,000,022 Loan For Hotel In Pinellas Park

7500 Us Highway 19

$5,000,022

$75/SF

Building Size

65,874 SF

Asset Type

Hotel

Closing

Jan 23, 2025

AI

The property involved in this transaction is a hotel located at 7500 Us Highway 19 in the Pinellas Park market. The loan amount for this asset is $5,000,022.00.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $5,000,022.00
  • Address: 7500 Us Highway 19
  • Market: Pinellas Park
  • Loan Amount: $5,000,022.00
  • Broker: Michael J. Gefter

Michael J. Gefter represents the interests of the landlord in this transaction, facilitating the loan secured against the hotel asset. No landlord details are disclosed.

Players

Michael J. Gefter

Broker

$282.5M

vol

66 deals

Broker
Interbank
InterbankLender

A.K.

Landlord
Landlord

Pinellas Park Hotel Market Snapshot

Boundary boundary · Hotel · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93