Concord Summit Capital Arranges $12.2M Construction Loan For ECHO Suites In Chandler AZ

The asset involved in this transaction is a development site designated for a 124-room ECHO Suites Extended Stay by Wyndham located at Chandler Airport Center in Chandler, AZ. The loan amount secured for this construction is $12,200,000. The market for this asset is Chandler, AZ, and the date of the loan agreement is September 30, 2025.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $12,200,000
• Loan Type: Construction
• Keys: 124
• Date: 09/30/2025
• Market: Chandler, AZ

The key individuals involved in this transaction include brokers Robert Horton, John Choi, and Connor Martz from Concord Summit Capital. Concord Summit Capital facilitated the construction loan for the Sandpiper Group, which indicates support for the brand's expansion in Arizona following previous financing for another ECHO Suites in Peoria.