This offer is to acquire 34 hotel units + 61 parking spaces & storage, plus retail space leased to Starbucks and an office + 70 key hotel management program ....The Management Program covers both aspects of the property, ensuring a streamlined operation for investors.. The hotel is composed of 70 luxurious rooms spread across six stories....
The dedicated parking space further enhances convenience for guests, adding to the overall appeal of the investment... FYI We are potentially selling the entire property, currently working with condo owners to be able to offer the entire 70-keys hotel for 46M
6080 Collins Ave, Miami Beach, FL, 33140
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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