Mast Capital Secures $40 Million Loan For Hotel Acquisition In Islamorada

The property asset involved in the transaction is a hotel located at 82779 Old State Highway, in the market of Islamorada. The hotel comprises 29 keys and is associated with an acquisition loan amounting to $40,000,000. The loan is structured with a 3-year floating-rate term.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $40,000,000
• Lender: Rachel Callaghan & Greg Sullivan - The Ardent Companies
• Landlord: Jordan Kornberg, Isaac Chocron & Camilo Miguel, Jr - Mast Capital
• Landlord's Rep: Scott Wadler, Matt Jackson, Mitch Sinberg, Brad Williamson, Mitch Brad & Matt Robbins - Berkadia
• Loan Type: Acquisition
• Loan Terms: 3-year, floating-rate

Key individuals and firms in this transaction include Rachel Callaghan and Greg Sullivan, who represent The Ardent Companies as lenders. The landlords, Jordan Kornberg, Isaac Chocron, and Camilo Miguel, Jr., are affiliated with Mast Capital. Additionally, the landlords are represented by a team from Berkadia, which consists of Scott Wadler, Matt Jackson, Mitch Sinberg, Brad Williamson, Mitch Brad, and Matt Robbins.