$6 Million Loan Secured For Hotel At 5801 Read Blvd In New Orleans

The asset involved in this transaction is a hotel located at 5801 Read Blvd in the New Orleans market. The loan amount associated with this property is $6,000,000.00.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $6,000,000.00
• Address: 5801 Read Blvd
• Market: New Orleans
• Broker: Michael J. Gefter

This transaction highlights the role of Michael J. Gefter in representing the interests of the landlord in this deal. The involvement of a broker suggests a structured approach to the loan agreement facilitating the transaction process.