• (800) 510-2214
  • info@albcommercialcapital.com
  • Cal BRE License #01379610
  • (800) 510-2214
  • info@albcommercialcapital.com
  • Cal BRE License #01379610

75 Room Hospitality

Another Successful Funded Loan

  • $6,825,000
  • 5 Year Fixed @ 5.75%
  • Purchase-65% LTV
  • 75 Rooms
  • Hotel-Hospitality
  • Victorville,Ca

ASSIGNMENT:

This was a purchase transaction assignment for repeat clients who were in a 1031 exchange. They recently sold two large apartment buidings in the san Bernardino Area which we had financed for them a few yeas back and now financed for new buyers. 

CHALLENGE:

The biggest challenge for these clients has typically been their complex structure, but this also was going to be their first bank loan for a Hospitality type property. 

SOLUTIONS:

Fortunately we have worked with the clients on multiple transactions and therefore were familiar with their structure, and we were able to identify a lender that we had a strong banking relationship with and they offered us very competitive rates & terms.