Kennedy Funding Provides $7.5M Acquisition Loan For Santa Rosa Beach Hotel
$7,500,000
Building Size
—
Asset Type
Hotel
Closing
Jan 9, 2024
About this deal
AI
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $7,500,000
- Lender: Kevin Wolfer - Kennedy Funding
- Landlord: 4228 Dana Beach, LLC
- Market: Santa Rosa Beach
Kennedy Funding Provides $7.5M Acquisition Loan For Santa Rosa Beach Hotel is logged as a hotel loan on Traded (2024). Kennedy Funding Provides $7.5M Acquisition Loan For Santa Rosa Beach Hotel is classified as Hotel on Traded. Marvin Jeremias, Gretchen Wilcox, David Fryer, Meyer Ovadia appear on the loan alongside Crossmark Capital, G.S. Wilcox. This page is the market file for the Kennedy Funding Provides $7.5M Acquisition Loan For Santa Rosa Beach Hotel hotel financed: pricing, party profiles, and other closed hotel comps from the same area sit in the Market section below. Cite this Kennedy Funding Provides $7.5M Acquisition Loan For Santa Rosa Beach Hotel loan when underwriting similar hotel product.
Players
Market 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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93