One Hotel

We just closed a performing $585,000 bridge loan on a $917,000 condominium purchase at the One Hotel in

Miami Beach, FL. The loan was originated at 11% with a two year maturity and 64% of Loan to Value. The

borrower is an investor renting the property in this attractive building of Miami Beach connected to the One Hotel.

We are actively purchasing performing and non performing loans nationwide. Please run by us your latest

opportunities.

We just closed a non performing mortgage on a condominium hotel unit at the W hotel of Fort

Lauderdale, FL. The original Unpaid Principal Balance of the loan was $670,000 and the

loan already had a balance close to $710,000 with a default interest rate of 25%. The unit is a

two bedroom and 2 bath 1255 sqf that can be rented on short term. The property was valued at

about $1.3M.

To give an idea of the type of property, a similar unit is currently listed for $2.05M