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1234-1246 Central Avenue

Preston Reid, Alec Fox and Scott Wadler broker a $42,000,000 loan for Hotel property. The deal closed 2 months and 26 days ago.

  • Location image 1234 Central Avenue, St Petersburg, Florida 33701, United States
  • Loan Value
    image $42,000,000
  • Asset Type image Hotel
  • Area image 16,000 SF
  • Parties image3 Brokers,1 Lender,1 Agency
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Preston Reid

Berkadia
  • Deals 5
  • Volume $186,900,000
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Alec Fox

Berkadia
  • Deals 10
  • Volume $285,260,000
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Scott Wadler icon

Berkadia
  • Deals 28
  • Volume $1,167,560,000
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Forbright

Lender
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Berkadia

Agency
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Comparables: 1234-1246 Central Avenue

Showing 4 of 4

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Price Icon $37,000,000

  • StatusLOAN, $273 PPSF
  • Date06/07/22
  • Address1714 Southwest 34th Street, Gainesville, Florida 32607, United States
  • Address1714 Southwest...
  • AssetHOTEL
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Price Icon $40,500,000

  • StatusLOAN, $273 PPSF
  • Date05/26/22
  • Address236 21st Street, Miami Beach, Florida 33139, United States
  • Address236 21st...
  • AssetHOTEL
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Price Icon $42,000,000

  • StatusLOAN, $48 PPSF
  • Date02/01/22
  • Address77593 Gathering Drive, Kissimmee, Florida 34747, United States
  • Address77593 Gathering...
  • AssetHOTEL
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Price Icon $46,500,000

  • StatusLOAN, $227 PPSF
  • Date10/19/21
  • Address315 Northwest 1st Avenue, Fort Lauderdale, FL, USA
  • Address315 Northwest...
  • AssetHOTEL
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This Deal on Social

LOAN
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 capitalization

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LOAN
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 capitalization

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Contact Preston Reid

Preston Reid joined Berkadia’s Tampa office as a Managing Director with more than 12 years of experience in commercial real...

Mr. Wadler is a Managing Director in the Miami office of Berkadia. He is primarily responsible for originating debt and...

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