Stearns Bank & Stonehill Provides $19.8M Construction Loan For Fresno Hotel | 808 M Street | Stonehill Strategic Capital, Stearns Bank | Marc Cesarec | Hotel | Loan

Summary

Loan

CALIFORNIA

Hotel

94,796 sqft

The hotel located at 808 M St in Fresno, CA has undergone a recent closed transaction. Covering a total building area of 94,796 square feet, this hotel comprises of 144 keys, making it a significant asset in the market.

Summary of transaction details:

Property Type: Hotel
Transaction Amount: $19,790,000
Loan Type: Construction
Lender: Stearns Bank & Stonehill
Landlord: Tony Tandi
Broker: Marc Cesarec - Cesarec Group

The lender responsible for providing the loan in this transaction is Stearns Bank & Stonehill. Representing the landlord in this deal is Tony Tandi. The broker involved in this transaction is Marc Cesarec from Cesarec Group.

Players

All
4

Agents
1
Agencies
1
Lenders
2

Marc Cesarec

Vice President

Marcus & Millichap

Stonehill Strategic Capital

Stearns Bank

Details

Deal Summary

FINANCED

IMAGE: Marc Cesarec DATE: 10/12/2022 ADDRESS: 808 M St MARKET: Fresno, CA ASSET TYPE: Hotel ~ SF: 94,796 ~ KEYS: 144 LENDER: Stearns Bank (@StearnsBank) & Stonehill LANDLORD: Tony Tandi BROKER: Marc Cesarec (@CaesarLeo) - Cesarec Group (@CesarecGroup) LOAN AMOUNT: $19,790,000 LOAN TYPE: Construction

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Address808 M Street

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