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HB Titan Provides $25M Loan For Recapitalization Of Coral Gables Hotel

1200 Anastasia Avenue
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This Hotel property located in FL received a loan of $25,000,000 over 2 years ago. The brokers of the deal were Preston Reid, Wyatt Krapf, and Scott Wadler

The Biltmore Hotel in Coral Gables has recently undergone a recapitalization with a loan amount of $25,000,000. The loan was provided by HB Titan, represented by Alex Chan and Christian Teixidor. The recapitalization transaction took place on September 14, 2021. The hotel, situated at 1200 Anastasia Ave, spans over 150 acres in the Coral Gables market.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $25,000,000
  • Address: 1200 Anastasia Ave, Coral Gables
  • Market: Coral Gables
  • Acres: 150

Brokers involved in the deal include Scott Wadler, Wyatt Krapf, and Preston Reid from Berkadia. They represented the interests of the parties throughout the transaction.

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Deals
  • Location
    1200 Anastasia Avenue, Coral Gables, FL 33134, USA1200 Anastasia Avenue, Coral Gables, FL 33134, USA
  • Loan Value
    $25,000,000$25,000,000
  • Asset Type
    HotelHotel
  • Parties
    3 Brokers, 1 Agency, 1 Lender3 Brokers, 1 Agency, 1 Lender

Agents

Preston Reid

Preston Reid

Deals5
Financed$119.9M

Wyatt Krapf

Wyatt Krapf

Deals8
Financed$136.7M

Scott Wadler

Scott Wadler

Deals66
Financed$2.6B

Agency

Berkadia

Berkadia

Agency
Deals1097
Volume$45.7B

HB Titan

HB Titan

Lender
Deals1
Volume$ 3.5B

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Deal Summary

LOAN IMAGE: Preston Reid, Scott Wadler & Wyatt Krapf DATE: 09/14/2021 ADDRESS: 1200 Anastasia Ave MARKET: Coral Gables ASSET TYPE: Hotel ~ ACRES: 150 LENDER: HB Titan - Alex Chan & Christian Teixidor LANDLORD: The Biltmore Hotel BROKERS: Scott Wadler, Wyatt Krapf & Preston Reid - Berkadia LOAN AMOUNT: $25,000,000 LOAN TYPE: Recapitalization

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