Suraj Desai Of Black Bear Capital Partners Arranges $26M Refinance For Las Vegas Hotel

The two-property Motel 6 portfolio, located at 8085 Dean Martin Drive and 4125 Boulder Highway in Las Vegas, NV, has undergone a refinancing transaction. The portfolio consists of a total of 300-keys and is classified as a hotel asset. The refinancing loan amount for this transaction is $26,000,000, and the loan type is a refinance. The loan was secured with a 10-year term at an interest rate of 6.30%. Notably, there is no prepayment penalty imposed throughout the entirety of the loan term.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $26,000,000
• Address: 8085 Dean Martin Drive & 4125 Boulder Highway, Las Vegas, NV
• Market: Las Vegas, NV

The refinancing transaction for the Motel 6 portfolio in Las Vegas was facilitated by Suraj Desai of Black Bear Capital Partners. Suraj Desai represented the buyer as the broker in this deal. The involvement of Black Bear Capital Partners as the brokerage agency showcases their role in providing expert guidance and assistance throughout the transaction process.