$4.7 Million Refinance Secured For 101-Key Hotel On Stoddard Wells Road In Victorville

The asset involved in this transaction is a hotel located at 16868 Stoddard Wells Road in Victorville. The hotel comprises 101 keys and offers a total square footage of 73,252. The loan amount secured for this property is $4,700,000, classified under refinance type financing. The loan is structured to cover 60% of the property's value, utilizing conventional bank execution without requiring a deposit relationship.

Summary of transation details:

• Property Type: Hotel
• Transaction Amount: $4,700,000
• Address: 16868 Stoddard Wells Road
• Market: Victorville
• Asset Keys: 101
• Square Footage: 73,252
• Loan Type: Refinance

The transaction was facilitated by brokers James Brandon and Gregory K. Kavoklis from Matthews Real Estate Investment Services. They secured permanent, non-SBA financing for the dual branded hospitality asset in Southern California, ensuring a smooth execution process for their clients.