Matthew Abbate Of Grays Crossing Hospitality Secures $53.5M Loan For Truckee Hotel Construction

The asset involved in this transaction is a hotel located at 10162 Edwin Road in the Truckee market. The property encompasses a total square footage of 94,479 and offers 129 keys for guests. The loan amount secured for this property is $53,500,000, classified as a construction loan.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $53,500,000
• Lender: Brad Ferguson - Hall Structured Finance
• Landlord: Matthew Abbate - Grays Crossing Hospitality
• Brokers: Alexander Rossinsky & Malcolm Davies - WAY Capital
• Loan Type: Construction

Brad Ferguson from Hall Structured Finance served as the lender for this construction loan. Matthew Abbate represents Grays Crossing Hospitality as the landlord, while the brokerage services were provided by Alexander Rossinsky and Malcolm Davies from WAY Capital.