FINANCED
PTM Partners, Dovehill Capital, And Berkadia Secure $42M Joint Venture Loan For St. Petersburg Hotel
1234-1246 Central Avenue
Hotel
16,000 SF
16,000 SF
Summary
Loan
FLORIDA
Hotel
16,000 sqft
A joint venture equity capitalization loan of $42,000,000 was secured for a hotel property located at 1234-1246 Central Ave in St. Petersburg. The hotel has a total of 163 rooms and spans 16,000 square feet.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $42,000,000
- Keys: 163
- Square Footage: 16,000
- Address: 1234-1246 Central Ave, St. Petersburg
The loan was provided by forbright''>Forbright. PTM Partners, represented by Michael Tillman, Scott Meyer, Nicholas Pantuliano, and Dovehill Capital, represented by Jake Wurzak, are the landlords of the property. The brokers involved in the deal are Scott Wadler, Alec Fox, and Preston Reid of Berkadia.
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Details
FINANCED
IMAGE: Nicholas Pantuliano, Preston Reid, Michael Tillman, Scott Wadler, Scott Meyer, Alec Fox & Jake Wurzak
DATE: 05/17/2022
ADDRESS: 1234-1246 Central Ave
MARKET: St. Petersburg
ASSET TYPE: Hotel ~ KEYS: 163 ~ SF: 16,000
LENDER: Forbright
LANDLORD: PTM Partners - Michael Tillman, Scott Meyer, Nicholas Pantuliano & Dovehill Capital - Jake Wurzak
BROKERS: Scott Wadler, Alec Fox & Preston Reid - Berkadia (@Berkadia)
LOAN AMOUNT: $42,000,000
LOAN TYPE: Joint venture equity capitalizationView on map
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Address1234-1246 Central Avenue
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