FINANCEDHotel
Michael J. Gefter Represents Lender In $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 asset involved in the transaction is a hotel located at 7500 Us Highway 19 in the Pinellas Park market. The loan amount secured for 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
- Brokers: Michael J. Gefter
Michael J. Gefter is the broker representing the interests in this deal, connecting participants and facilitating the lending agreement associated with the hotel property.
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