Noam Temchin Of FM Capital Secures $3M Refinance For Hotel In Panama City Beach
FINANCED
$3,000,000
Florida
See Similar DealsHotel10,637 SF
Financed 02/03/2025
FINANCED
Noam Temchin Of FM Capital Secures $3M Refinance For Hotel In Panama City Beach
Front Beach Road
See Similar DealsHotel10,637 SF
Financed 02/03/2025
Summary
FLORIDA
Asset Type:Hotel
Price Per Square Foot:$282
Total Square Footage:10,637 SF
Transaction Type:Loan
The property involved in this transaction is a hotel located at 17784 East Front Beach Rd in Panama City Beach. The asset includes 20 keys and has a total square footage of 10,637. This transaction was based on a refinancing loan, amounting to $3,000,000.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $3,000,000
- Address: 17784 East Front Beach Rd
- Market: Panama City Beach
- Keys: 20
- Square Footage: 10,637
- Units: 20
- Loan Type: Refinance
- Lender's Representative: Noam Temchin - FM Capital
Noam Temchin from FM Capital represented the lender in this refinance transaction, facilitating the funding for the hotel asset. The structure of this loan highlights the ongoing financial support for the hospitality sector in the Panama City Beach area.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,000,000.00
Monthly NOI$20,000.00
Monthly Debt Service$18,962.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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