Black Bear Capital Partners Arranges $18.7M Acquisition Loan For Motel 6 Portfolio

The acquisition of two hotel properties located at 4673 Lassen Road in Livermore and 2389 North Main Street in Walnut Creek has been successfully financed. The portfolio includes a total of 177-keys and consists of Motel 6 hotels. The loan amount for this transaction was $18,700,000, and it was used for the acquisition of the properties.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $18,700,000
• Address: 4673 Lassen Road, Livermore & 2389 North Main Street, Walnut Creek
• Market: Livermore & Walnut Creek

The financing for this acquisition was facilitated by Black Bear Capital Partners, represented by Suraj Desai. The loan type for this transaction was acquisition financing, with a 5-year term and a fixed-rate mezzanine financing option. The senior loan has a 25-year amortization schedule. These terms were agreed upon to support the successful acquisition of the Motel 6 portfolio.