FINANCEDHotel
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
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.
Players
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