Ocean Bank Provides $16.8 Million Loan To Hotel Of Deerfield LLC For 104-Room Property

The asset involved in the transaction is a 104-room Fairfield Inn & Suites located at 301 Hillsboro Technology Drive in Deerfield Beach, Florida. The financing associated with the property was provided to Hotel of Deerfield LLC in the amount of $16,800,000. This hotel offers standard limited-service amenities to its guests.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $16,800,000
• Address: 301 Hillsboro Technology Drive
• Market: Deerfield Beach, FL
• Lender: Alvaro Luis - Ocean Bank
• Landlord: Sanjay Patel - Hotel of Deerfield LLC
• Keys: 104

The key individuals in this transaction include Alvaro Luis, who represents Ocean Bank as the lender, and Sanjay Patel, who represents Hotel of Deerfield LLC as the landlord. Alvaro Luis facilitated the financing process, reflecting Ocean Bank's efforts to expand its hospitality lending relationships in Florida.