Maxim Capital Group Provides $19.3M Construction Loan For The Garden Hotel In Fort Lauderdale | Garden Hotel - 3711 North Ocean Boulevard | Maxim Capital Group | Hotel | Loan

Summary

Loan

FLORIDA

Hotel

73,364 sqft

The Garden Hotel and Resort, located at 3711 North Ocean Boulevard in Fort Lauderdale, is a 73,364 square foot hotel property.

Summary of transaction details

Property Type: Hotel
Transaction Amount: Not mentioned
Address: 3711 North Ocean Boulevard, Fort Lauderdale
Market: Fort Lauderdale

The loan for the renovation of The Garden Hotel and Resort was provided by Maxim Capital Group, with Adam Glick, Josh Greene, and Billy Haber as representatives. The loan amount is not mentioned. The loan type is a Construction Line of Credit, and it will be used to renovate the existing Royal Beach Palace Hotel in Fort Lauderdale. The rebranded hotel will be known as the Garden Hotel.

HKS Real Estate Advisors, with Max Ralby as the representative, served as the broker in this transaction.

Players

All
1

Lenders
1

Maxim Capital Group

Details

Deal Summary

FINANCED

IMAGE: Josh Greene, Adam Glick, Billy Haber & Max Ralby DATE: 10/31/2023 ADDRESS: 3711 North Ocean Boulevard - The Garden Hotel and Resort MARKET: Fort Lauderdale ASSET TYPE: Hotel ~ SF: 73,364 LENDER: Maxim Capital Group (@MaximCapitalGroup) - Adam Glick (@AdamGlick_), Josh Greene (@JoCoGree) & Billy Haber (@BillyHaber) BROKER: HKS Real Estate Advisors (@Hksrealestateadvisors) - Max Ralby (@MaxRalby) LOAN AMOUNT: $19,300,000 LOAN TYPE: Construction Line of Credit LOAN TERMS: Proceeds utilized to renovate the existing Royal Beach Palace Hotel in Fort Lauderdale, FL, which will be rebranded to the Garden Hotel

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AddressGarden Hotel - 3711 North Ocean Boulevard

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