Black Bear Capital Partners ("BBCP"): Suraj Desai Secures Acquisition Financing for 18-Key Property in California.

The property asset involved in this transaction is an 18-key boutique hotel located at 1819 South El Camino Real in San Clemente, CA. The loan amount for the acquisition of this property is $3,050,000, secured through a one-year fixed rate loan with full term interest-only payments at 65% loan-to-cost (LTC).

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $3,050,000
• Address: 1819 South El Camino Real
• Market: San Clemente, CA
• Loan Type: Acquisition
• Loan Terms: 1-year fixed rate loan with full term IO at 65% LTC
• Keys: 18

The deal was facilitated by Suraj Desai from Black Bear Capital Partners, serving as the capital markets advisor for this transaction, representing the financing needs of the buyer.