Goco Hospitality Secures $38.5M Loan From MUFG Union Bank For Corona Hotel

25000 Glen Ivy Road, Corona, CA, USA

$38,500,000

$51,470/SF

Building Size

748 SF

Asset Type

Hotel

Closing

Nov 4, 2019

AI

A hotel located at 25000 Glen Ivy Road in Corona has been involved in a recent transaction. The transaction took place on November 5, 2019. The hotel is owned by Goco Hospitality and its address is in the market of Corona.

Summary of transaction details

Property Type: Hotel
Transaction Amount: $38,500,000
Lender: MUFG Union Bank
Brokers: Faisal Ashraf - Lotus Capital Partners, Mike Presser - Walker & Dunlop

The loan received for this hotel transaction was $38,500,000. The loan terms are 5-year, fixed-rate. The brokers involved in the deal were Faisal Ashraf from Lotus Capital Partners and Mike Presser from Walker & Dunlop.

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