Black Bear Capital Partners Arranges $8.8M Refinance Loan For Tempe Hotel

The 100-key Motel 6 located at 1612 N Scottsdale Road in Tempe, AZ has undergone a successful refinancing. The property, a hotel asset, was refinanced with a 10-year fixed-rate loan totaling $8,800,000.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $8,800,000
• Loan Type: Refinance
• Loan Terms: 10-year fixed-rate loan
• Broker: Suraj Desai - Black Bear Capital Partners

The refinancing of the Motel 6 in Tempe was facilitated by Suraj Desai of Black Bear Capital Partners. As the broker representing the deal, Desai played a pivotal role in securing the favorable 10-year fixed-rate loan for the property.