JP Morgan Provides $164M Refinance Loan For The Goodtime Hotel In Miami Beach | 601 Washington Avenue, AKA The Good TimeHotel 🥳 🏨 🕺🏽 💃🏻 | Keith Kurland, Adam Schwartz, Aaron Appel, Jonathan Schwartz | Hotel | Loan

Summary

Loan

FLORIDA

Hotel

218,000 sqft

The Good Time Hotel, located at 601 Washington Ave in Miami Beach, has recently undergone a loan refinancing transaction. The hotel, with a total area of 218,000 square feet and 266 rooms, is owned by Dreamscape Companies, represented by Eric Birnbaum. The loan, provided by JP Morgan and represented by Aaron Casden, amounts to $164,000,000.

Summary of transaction details

Property Type: Hotel
Transaction Amount: $164,000,000
Address: 601 Washington Ave, Miami Beach
Square Footage: 218,000
Number of Rooms: 266

The loan refinancing was facilitated by brokers Aaron Appel, Keith Kurland, Jonathan Schwartz, and Adam Schwartz from Walker & Dunlop. The involvement of these individuals showcases their expertise and experience in the real estate market.

Players

All
5

Agents
4
Agencies
1

Keith Kurland

Senior Managing Director

$226.7M Sold

Adam Schwartz

Senior Managing Director

$226.7M Sold

Aaron Appel

Senior Managing Director

$266M Sold

Jonathan Schwartz

Principal

$230M Sold

Details

Deal Summary

FINANCED

IMAGE: Keith Kurland, Adam Schwartz, Aaron Appel, Pharell, David Grutman, Jonathan Schwartz, Eric Birnbaum & Aaron Casden DATE: 09/2021 ADDRESS: 601 Washington Ave. AKA @TheGoodTimeHotel 🥳 🏨 🕺🏽 💃🏻 MARKET: Miami Beach ASSET TYPE: Hotel ~ SF: 218,000 ~ KEYS: 266 LENDER: JP Morgan - Aaron Casden LANDLORD: Dreamscape Companies - Eric Birnbaum BROKERS: Aaron Appel, Keith Kurland, Jonathan Schwartz & Adam Schwartz - Walker & Dunlop LOAN AMOUNT: $164,000,000 LOAN TYPE: Refinance

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Address601 Washington Avenue, AKA The Good TimeHotel 🥳 🏨 🕺🏽 💃🏻

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