Avatar Financial Group Issues $5.1 Million Bridge Loan For Hampton Inn & Suites In Littleton

The asset involved in this transaction is the 89-suite Hampton Inn & Suites located at 7611 Shaffer Parkway in Littleton, Colorado. The property is a hotel type asset, and the transaction includes a bridge loan of $5,100,000 aimed at refinancing existing maturing bank debt at a 53% loan-to-value ratio while the sponsor is finalizing a Hilton property improvement plan.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $5,100,000
• Loan Type: Bridge
• Loan Term: Two years
• Keys: 89
• Market: Littleton, CO
• Lender: Avatar Financial Group

This transaction was facilitated by Avatar Financial Group, which provided the financing for the property. The loan is specifically designed to support the property's refinancing and renovation efforts associated with Hilton standards.