Black Bear Capital Partners ("BBCP") Secures $5.2M Refinance for Quality Inn Chandler I-10

The property involved in this transaction is a hotel located at 255 North Kyrene Road, specifically the Quality Inn Chandler I-10, situated in the Chandler, AZ market. The hotel comprises 70 keys and is valued as part of a refinance deal amounting to $5,200,000.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $5,200,000
• Loan Amount: $5,200,000
• Loan Type: Refinance
• Loan Terms: 5 year fixed-rate term loan with 25-year amortization at 65% LTV
• Capital Markets Advisor: Suraj Desai - Black Bear Capital Partners
• Date: 12/17/2024

The transaction involves Suraj Desai serving as the capital markets advisor. He represents Black Bear Capital Partners in this financing deal, coordinating the refinancing of the described asset while ensuring the terms are aligned with market expectations.