FINANCED
Suraj Desai's LackBearCapitalPartners Facilitates $7M Acquisition Loan For 105-Key Hotel In Peoria, IL
300 West Romeo B Garrett Avenue
Hotel
Financed 1 year ago
Summary
Loan
ILLINOIS
Hotel
A 105-key hotel located at 300 W Romeo B Garrett Avenue in Peoria, IL has been refinanced through an acquisition loan. The loan amount for this transaction was $7,000,000 and the loan type is an acquisition loan. The loan terms include a 3-year floating rate term with interest only payments throughout the duration of the term.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $7,000,000
- Address: 300 W Romeo B Garrett Avenue, Peoria, IL
- Market: Peoria, IL
- Keys: 105
The hotel refinancing deal was facilitated by Suraj Desai of BlackBear Capital Partners, who served as the broker for this transaction.
Players
Details
FINANCED
IMAGE: Suraj Desai
DATE: 10/29/2021
ADDRESS: 300 W Romeo B Garrett Avenue
MARKET: Peoria, IL
ASSET TYPE: Hotel ~ KEYS: 105
BROKERS: Suraj Desai - @BlackBearCapitalPartners
LOAN AMOUNT: $7,000,000
LOAN TYPE: Acquisition
LOAN TERMS: The 105-key hotel was refinanced on a 3-year floating rate term with interest only payments throughout the duration of the term.View on map
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Address300 West Romeo B Garrett Avenue
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