FBRE Capital Acquires 87-Key Hotel In Fort Smith For $3M Loan

The property involved in this transaction is a hotel located at 7501 Madison Ave. in Fort Smith, AR. The hotel has a total square footage of 47,700 and includes 87 keys. The deal was facilitated by Brandon Michon and Thomas Fuchsman of FBRE Capital.

Summary of Transaction Details:

• Property Type: Hotel
• Transaction Amount: $3,000,000
• Loan Type: Acquisition
• Loan Terms: 5 years fixed rate, 6 months I/O, Sub 4.00% coupon, no prepayment penalty

FBRE Capital, represented by Brandon Michon and Thomas Fuchsman, provided a $3,000,000 loan for the acquisition of the hotel. The loan has a fixed rate for 5 years, with an initial 6 months interest-only period. The coupon rate is below 4.00% without any prepayment penalty.

Note from @fbrecapital: The firm's principals have extensive experience in the hospitality industry, covering luxury hotels to economy extended stay properties. FBRE Capital specializes in providing institutional commercial real estate debt & equity services for various asset types across the United States. For inquiries, please contact [email protected].