$45 Million Non-Performing Loan Sale

7700 Courtney Campbell Cswy W Tampa, FL United States 33607
Asking Price Contact for pricing
Sq. Footage N/A
NOI Net Operating Income N/A
Cap Rate N/A


Year Built 1974

Property Description

276-Key Hotel, Tampa, Florida

Investment Highlights

  • Jones Lang Lasalle (“JLL”) has been retained on an exclusive basis to
  • arrange the sale of a $45 million non-performing senior mortgage loan
  • (the “Loan”). The Loan carries an interest rate of 4.30% floating over
  • 30-day LIBOR (subject to a LIBOR floor of 1.90%), has an initial threeyear
  • term followed by two, one-year options, and features an $8 million
  • earnout advance.
  • The Loan is secured by a 276-key hotel located in Tampa, FL (the
  • “Collateral”). Constructed in 1974, the Collateral features resort style
  • amenities including a restaurant, bar, café, 7,000 square feet of meeting
  • space, two outdoor pools, a private dock, and sweeping views of Tampa
  • Bay. The Loan is further secured by a pledge and collateral assignment
  • of 100% of the membership interests (or other equity interests) in the
  • borrowing entity.
  • The Loan presents investors with the opportunity to acquire a nonperforming note on a well located, upscale hotel in a rapidly growing
  • market.
Tom Hall
Tom Hall
Managing Director
Chris Comerford

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