$10.6MM – 2 hotel properties – Kissimmee, Florida & Celebration, Florida

  • 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.

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.

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AVATAR FINANCIAL GROUP

1200 Westlake Avenue N, #1006
Seattle, WA 98109

Office: 206.728.5900
Toll-Free: 1.888.886.0097

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[email protected]

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