LMF Commercial Provides $7.95M Refinance Loan For Sierra Nevada Mountains Hotel

The hotel property in Sierra Nevada Mountains, spanning 32,927 square feet, underwent a refinancing transaction. The loan amount secured for this deal was $7,950,000 from LMF Commercial, with Nihad Choudhury serving as the lender's representative.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $7,950,000
• Market: Sierra Nevada Mountains
• Asset Type: Hotel
• Loan Type: Refinance
• Loan Terms: CMBS; 10-year term, full cash out
• BROKERS: Rushi Shah & Prabhat Jayara - Mag Mile Capital

Rushi Shah and Prabhat Jayara from Mag Mile Capital facilitated this transaction as brokers handling the refinancing deal, which saw the hotel property being refinanced in the Sierra Nevada Mountains. The loan, structured as a CMBS with a 10-year term allowing for full cash out, marked a significant financial restructuring benefiting all parties involved.