Black Bear Capital Partners Secures $8.3M Refinance Loan For Calexico Hotel | 2501 Scaroni Road | Suraj Desai | Hotel | Loan

Summary

Loan

CALIFORNIA

Hotel

10 sqft

The property involved in this transaction is located at 2501 Scaroni Road in Calexico, CA. It is an existing hotel currently operating as a Holiday Inn Express with plans to be converted into a 78-key Hampton Inn. The property has been refinanced with a 10-year fixed rate loan.

Summary of transaction details

Property Type: Hotel
Loan Amount: $8,300,000
Loan Type: Refinance
Loan Terms: The 10-year fixed rate loan includes the first 18 months interest only for renovation purposes.

The capital advisory for this transaction was provided by Suraj Desai from Black Bear Capital Partners. Suraj Desai represented the borrower in this loan refinancing deal.

Players

All
2

Agents
1
Agencies
1

Suraj Desai

Senior Managing Director

Black Bear Capital Partners

Details

Deal Summary

FINANCED

IMAGE: Suraj Desai DATE: 11/02/2023 ADDRESS: 2501 Scaroni Road MARKET: Calexico, CA ASSET TYPE: Hotel CAPITAL ADVISORY: Suraj Desai - Black Bear Capital Partners (@BlackBearCapitalPartners) LOAN AMOUNT: $8,300,000 LOAN TYPE: Refinance LOAN TERMS: The property, currently operating as a Holiday Inn Express with plans to be converted into a 78-key Hampton Inn, was refinanced with a 10-year fixed rate loan which includes the first 18 months interest only for renovation.

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Address2501 Scaroni Road

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