Project Overview
Project Overview
Project Overview
Location
Fort Lauderdale
Location
Fort Lauderdale
Number of Units
231-Key Hotel Condominium
Number of Units
231-Key Hotel Condominium
Loan Amount
$14,625,000
Loan Amount
$14,625,000
Asset Type
Hotel
Asset Type
Hotel
Transaction Challenges:
» The condominium structure of the hotel left the Sponsors with minimal fee simple interest in the hotel rooms, despite collecting large management revenues from these units which was key to the cash flow to cover debt service.
Transaction Challenges:
» The condominium structure of the hotel left the Sponsors with minimal fee simple interest in the hotel rooms, despite collecting large management revenues from these units which was key to the cash flow to cover debt service.
ArrowREA Solution:
» The Arrow REA team identified a local balance sheet lender highly experienced in hospitality lending and familiar with the local market, allowing them to underwrite the collateral more aggressively than most lenders.
ArrowREA Solution:
» The Arrow REA team identified a local balance sheet lender highly experienced in hospitality lending and familiar with the local market, allowing them to underwrite the collateral more aggressively than most lenders.
We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.
We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.
We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.