Black Bear Capital Partners Arranges $12.5M Construction Loan For Homewood Suites By Hilton In Denver (Thorton), CO

The construction of a 109-key Homewood Suites by Hilton in Denver (Thorton), CO has been funded by a $12,500,000 construction loan. The loan, provided by an undisclosed lender, has a 10-year fixed rate term with 12 months of interest-only payments. This financing will support the development of the hotel located at 12150 Grant Street.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $12,500,000
• Address: 12150 Grant Street, Denver (Thorton), CO
• Market: Denver (Thorton), CO
• Loan Type: Construction
• Loan Terms: 10-year fixed rate with 12 months of interest only
• Asset Type: Hotel
• Keys: 109

Suraj Desai from Black Bear Capital Partners represented the undisclosed borrower in securing this construction loan for the Homewood Suites by Hilton project in Denver (Thorton), CO.