Goco Hospitality Secures $38.5M Loan From MUFG Union Bank For Corona Hotel | 25000 Glen Ivy Road | MUFG Union Bank | Faisal Ashraf | Hotel | Loan

Summary

Loan

CALIFORNIA

Hotel

748 sqft

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.

Players

All
2

Agents
1
Lenders
1

Faisal Ashraf

Founder and Chief Executive

MUFG Union Bank

Details

Deal Summary

FINANCED

IMAGE: Faisal Ashraf & Mike Presser DATE: 11/05/2019 ADDRESS: 25000 Glen Ivy Road MARKET: Corona ASSET TYPE: Hotel LENDER: MUFG Union Bank LANDLORD: Goco Hospitality BROKERS: Faisal Ashraf - Lotus Capital Partners, Mike Presser - Walker & Dunlop LOAN AMOUNT: $38,500,000 LOAN TERMS: 5-year, fixed-rate

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Address25000 Glen Ivy Road

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