Scott Monasch Of Slatt Capital Arranges $23M Refinance For 146-Key Embassy Suites By Hilton In La Quinta

The transaction involves a refinance of the 146-key Embassy Suites by Hilton located at 50-777 Santa Rosa Plaza in La Quinta. The loan amount is $23,000,000, and the property is categorized as a hotel asset.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $23,000,000
• Address: 50-777 Santa Rosa Plz - Embassy Suites by Hilton
• Market: La Quinta
• Keys: 146
• Loan Type: Refinance
• Loan Duration: 10 years
• Amortization: 25 years
• Interest Rate: Low 6% range for five years fixed
• Prepayment: Step-down
• Cash-out Structure: Yes

Scott E. Monasch from Slatt Capital was responsible for arranging the refinance, utilizing a relationship lender for the transaction. The deal is structured to accommodate specific financial needs through its cash-out provisions.