Michael J. Gefter Facilitates $5,000,022 Loan For Hotel On Us Highway 19 In Pinellas Park
7500 Us Highway 19
$5,000,022
$75/SF
Building Size
65,874 SF
Asset Type
Hotel
Closing
Jan 23, 2025
About this deal
AI
The asset involved in this transaction is a hotel located at 7500 Us Highway 19 in Pinellas Park. The total loan amount attributed to this property 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
- Broker: Michael J. Gefter
This transaction underscores the involvement of Michael J. Gefter as the broker representing the loan deal concerning the hotel asset.
The hotel loan at 7500 Us Highway 19 in Pinellas Park, Florida financed for $5M in 2025. The building is 65,874 square feet, implying about 75 per square foot on the published price. Michael Gefter, Wolf Investment Partners, Interbank appear on the loan alongside Wolf Investment Partners, Interbank. This page is the Pinellas Park, Florida file for the 7500 Us Highway 19 hotel financed: pricing, party profiles, and other closed hotel comps from the same Pinellas Park sit in the Market section below. Filter that Pinellas Park hotel set by closing date to see what else financed near 7500 Us Highway 19 around 2025. Published consideration for 7500 Us Highway 19 is $5M, dated 2025. Cite this Michael J. Gefter Facilitates $5,000,022 Loan For Hotel On Us Highway 19 In Pinellas Park loan when underwriting similar hotel product around Pinellas Park, Florida.
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