Black Bear Capital Partners’ ("BBCP") Suraj Desai Secures $5.9M Refinance for Mobile and Biloxi Hotels

The asset involved in the transaction is a hotel located at 5190 Motel Ct & 13921 Big Ridge Rd, situated in the Mobile, AL & Biloxi, MS markets. The loan amount secured for this property is $5,900,000, structured as a refinance. The loan agreement has a tenure of 5 years with a permanent loan and a 20-year amortization schedule, applying a 50% loan-to-value ratio.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $5,900,000
• Loan Type: Refinance
• Loan Terms: 5-year permanent loan with a 20-year amortization schedule at 50% loan-to-value
• Keys: 171
• Broker: Suraj Desai - Black Bear Capital Partners

Suraj Desai represents Black Bear Capital Partners in this refinancing transaction, managing the deal for the involved parties. The property characteristics and market presence make it a significant entry in the portfolio for future financial planning.