Suraj Desai's Black Bear Capital Partners Secures $27.8M Loan To Refinance Motel 6 In Las Vegas | 195 E Tropicana Avenue | Suraj Desai | Hotel | Loan

Summary

Loan

NEVADA

Hotel

10 sqft

The Motel 6 located at 195 E Tropicana Avenue in Las Vegas, NV has undergone a refinancing transaction. The property, a hotel with 306 keys, was refinanced for a loan amount of $27,750,000. The loan terms include a nonrecourse 5-year fixed-rate loan with a 30-year amortization.

Summary of transaction details

Property Type: Hotel
Transaction Amount: $27,750,000
Address: 195 E Tropicana Avenue
Market: Las Vegas, NV

The refinancing of the Motel 6 was facilitated by Suraj Desai from Black Bear Capital Partners. Serving as the broker in this deal, Suraj Desai represented the interests of the involved parties.

Players

All
2

Agents
1
Agencies
1

Suraj Desai

Senior Managing Director

Black Bear Capital Partners

Details

Deal Summary

FINANCED

IMAGE: Suraj Desai DATE: 04/14/2023 ADDRESS: 195 E Tropicana Avenue MARKET: Las Vegas, NV ASSET TYPE: Hotel BROKER: Suraj Desai - Black Bear Capital Partners (@BlackBearCapitalPartners) LOAN AMOUNT: $27,750,000 LOAN TYPE: Refinance LOAN TERMS: The Motel 6, spanning 306 keys, was refinanced via a nonrecourse 5-year fixed-rate loan on a 30-year amortization.

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Address195 E Tropicana Avenue

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