Black Bear Capital Partners ("BBCP") Arranges $10M Permanent Refinance for Tempe Hotel Asset

The asset involved in this transaction is a hotel located at 1429 North Scottsdale Road in Tempe, AZ, consisting of 118 keys. The transaction involved a refinance loan amounting to $10,000,000 with a duration of 10 years for the permanent loan.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $10,000,000
• Loan Type: Refinance
• Loan Terms: 10 year permanent loan
• Market: Tempe, AZ
• Capital Markets Advisor: Suraj Desai - Black Bear Capital Partners

Suraj Desai represented Black Bear Capital Partners in this transaction, facilitating the refinance of the hotel asset. His role involved advising on the financial structure and execution of the loan agreement, ensuring the interests of the property owner were met throughout the refinancing process.