Updated Jul 29, 2026
United Security Bank Provides $4,500,000 Loan For Hotel At 935 W Morton Ave Porterville
935 W Morton Ave
$4,500,000
$129/SF
Building Size
34,860 SF
Asset Type
Hotel
Closing
Dec 14, 2022
About this deal
AI
This transaction involves a hotel asset located at 935 W Morton Ave in Porterville. The loan amount secured for this property is $4,500,000.00.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $4,500,000.00
- Market: Porterville
- Lender: United Security Bank
- Broker: Michael J. Gefter
Michael J. Gefter represents the transaction as the broker. The focus of the deal centers around the financing provided by United Security Bank to facilitate the loan for the hotel property.
The hotel loan at 935 W Morton Ave in Porterville, California financed for $4.5M in 2022. The building is 34,860 square feet, implying about 129 per square foot on the published price. Named participants on the 935 W Morton Ave loan are Michael J. Gefter. This page is the Porterville, California file for the 935 W Morton Ave hotel financed: pricing, party profiles, and other closed hotel comps from the same Porterville sit in the Market section below. Filter that Porterville hotel set by closing date to see what else financed near 935 W Morton Ave around 2022. Published consideration for 935 W Morton Ave is $4.5M, dated 2022. Cite this United Security Bank Provides $4,500,000 Loan For Hotel At 935 W Morton Ave Porterville loan when underwriting similar hotel product around Porterville, California.
Players
Porterville Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93