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
About this deal
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.
The hotel loan at 1545 Collins Avenue, Miami Beach, FL 33139 in Miami Beach, Florida financed for $165M in 2022. 1545 Collins Avenue, Miami Beach, FL 33139 is classified as Hotel on Traded. Paul Sexton, Gregory "Greg" Porter, HREC Investment Advisors appear on the loan alongside HREC Investment Advisors. This page is the Miami Beach, Florida file for the 1545 Collins Avenue, Miami Beach, FL 33139 hotel financed: pricing, party profiles, and other closed hotel comps from the same Miami Beach sit in the Market section below. Filter that Miami Beach hotel set by closing date to see what else financed near 1545 Collins Avenue, Miami Beach, FL 33139 around 2022. Published consideration for 1545 Collins Avenue, Miami Beach, FL 33139 is $165M, dated 2022. Cite this AD1 Global Refinances Hotel Portfolio In Florida For $165M loan when underwriting similar hotel product around Miami Beach, Florida.
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