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Deutsche Bank Provides $130M Floating-Rate Loan For Fort Lauderdale Hotel

1140 Seabreeze Boulevard
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This Hotel property located in FL received a loan of $130,000,000 over 4 years ago. The brokers of the deal were John Gallagher, Christopher (Chris) Kramer, Nick Scribani, Dustin Stolly, and Jordan (Jordy) Roeschlaub

The Carlyle Group and InSite Group have closed on a hotel property located at 1140 Seabreeze Blvd in Fort Lauderdale. The property, a hotel with 481 units, was financed with a $130,000,000 floating-rate loan provided by Deutsche Bank.

Summary of transaction details:

The team from Newmark Knight Frank, including brokers Jordan Roeschlaub, Dustin Stolly, Nick Scribani, Chris Kramer, and John Gallagher, represented the buyers, The Carlyle Group and InSite Group, in this transaction.

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Deals
  • Location
    1140 Seabreeze Blvd, Fort Lauderdale, FL, USA1140 Seabreeze Blvd, Fort Lauderdale, FL, USA
  • Loan Value
    $130,000,000$130,000,000
  • Asset Type
    HotelHotel
  • Parties
    5 Brokers, 2 Agencies, 1 Lender5 Brokers, 2 Agencies, 1 Lender

Agents

Dustin Stolly

Dustin Stolly

Deals218
Financed$37.6B

Jordan (Jordy) Roeschlaub

Jordan (Jordy) Roeschlaub

Deals195
Financed$34.6B

Nick Scribani

Nick Scribani

Deals98
Financed$14.6B

Agencies

Douglas Elliman

Douglas Elliman

Agency
Deals1571
Volume$18.3B

Newmark

Newmark

Agency
Deals3893
Volume$397.4B

Deutsche Bank

Deutsche Bank

Lender
Deals117
Volume$ 2.7T

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Deal Summary

LOAN IMAGE: Jordan Roeschlaub, Dustin Stolly, Nick Scribani & Christian Sewing DATE: 12/18/2019 ADDRESS: 1140 Seabreeze Blvd MARKET: Fort Lauderdale ASSET TYPE: Hotel LENDER: Deutsche Bank LANDLORD: The Carlyle Group & InSite Group BROKERS: Jordan Roeschlaub, Dustin Stolly, Nick Scribani, Chris Kramer, John Gallagher - Newmark Knight Frank LOAN AMOUNT: $130,000,000 LOAN TERMS: floating-rate UNITS: 481

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1140 Seabreeze Boulevard

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