Parkview Financial Provides $28.5M Loan For Kissimmee Hotel & Resort At 8660 W. Irlo Bronson Hwy
8660 W Irlo Bronson Memorial Hwy, Kissimmee, FL, USA
$28,500,000
$43/SF
Building Size
653,400 SF
Asset Type
Hotel
Closing
Sep 27, 2021
About this deal
AI
The property involved in this transaction is a Hotel & Resort located at 8660 W. Irlo Bronson Hwy in Kissimmee. The property spans 16 acres and has a total of 436 keys.
Summary of transaction details
- Property Type: Hotel & Resort
- Transaction Amount: $28,500,000
- Address: 8660 W. Irlo Bronson Hwy, Kissimmee
- Market: Kissimmee
- Keys: 436
- Acres: 16
The lender involved in this transaction is Parkview Financial, represented by Paul Rahimian. The loan amount for this transaction is $28,500,000. The landlord for the property is CS-ICM 5, LLC.
Players
Kissimmee 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
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93