Bolour Associates Provides $6.9M Acquisition Loan For Napa Hotel

The high-leverage loan worth $6,900,000 provided by Bolour Associates allowed the client to successfully close and renovate a performing hotel asset located at 443 Brown Street in the thriving Napa, CA market. The hotel spans a total area of 8,781 square feet and is situated in a prime location.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $6,900,000
• Address: 443 Brown Street
• Market: Napa
• Loan Type: Acquisition Loan
• Lender: Bolour Associates
• Landlord: Cambridge Lansdowne
• Brokers: Firas Turkmani & Jordan Brustein - Ackman-Ziff

Bolour Associates, an asset-based bridge lender specializing in urban infill primary and secondary markets, takes pride in their ability to tackle complex private lending deals, including unentitled land plays. They offer loans with a loan-to-value (LTV) ratio of up to 75%, a loan term of up to 2 years, loan amounts ranging from $2 million to $30 million, and interest rates starting at 8%. For more information on Bolour's lending services, interested parties can contact Clay Goldthwait at ☎️ 323-677-0550 ext.121 or email him at [email protected].

With this loan, the client was able to secure the capital needed to acquire and renovate the hotel asset in Napa, CA. This transaction highlights the expertise and experience of Bolour Associates as a reputable lender in the real estate market.