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
Pinellas Park Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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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