FINANCEDHotel
Kennedy Funding Provides $7.5M Acquisition Loan For Santa Rosa Beach Hotel
$7,500,000
Building Size
—
Asset Type
Hotel
Closing
Jan 9, 2024
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
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