- Loan Amount: $10,600,000
- Broker's Commission: $53,000
- LTV: 44%
- Interest Rate: 9.00%
- Term: 2 years
Description
Avatar provided a $10.6 million multifamily bridge loan for two hotel properties in Kissimmee and Celebration, Florida. The sponsor owns the Champions World Resort– a recently renovated 435-room hotel in Kissimmee, FL. The nearby Baymont Hotel in Celebration, FL, was in bankruptcy and was offered for sale. Avatar’s sponsor won the bid with an offer of $10.2 million and closed within 30 days of court approval.
- Loan Type: Commercial Bridge
- Loan Amount Range: $10M+
This style property is located in Kissimmee is currently and has been listed on Avatar Financial Group. This property is listed at . It has bedrooms, bathrooms, and is . The property was built in year.
RECENT CLOSINGS
