FINANCEDHotel
AD1 Global Refinances Hotel Portfolio In Florida For $165M
1545 Collins Avenue, Miami Beach, FL 33139
$165,000,000
Building Size
—
Asset Type
Hotel
Closing
Jan 7, 2022
AI
AD1 Global has refinanced its hotel portfolio in Florida with a loan amount of $165,000,000. The loan, provided by an undisclosed lender, is a 5-year term with interest-only payments.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $165,000,000
- Address: Hotel Portfolio
- Market: Florida
The refinancing deal was facilitated by brokers Greg Porter and Paul Sexton from HREC Capital Markets Group, who represented AD1 Global in the transaction.
Players
Miami Beach 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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93