Black Bear Capital Partners ("BBCP") Suraj Desai has successfully obtained an impressive $10.42 million refinance loan for the Mahwah Hotel.

The property asset involved in this transaction is a hotel located at 140 New Jersey Highway 17 in Mahwah, NJ. It has a total of 146 keys and is categorized under the hotel asset type.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $10,416,000
• Loan Amount: $10,416,000
• Loan Terms: 2-Year floating rate loan at 65% LTV
• Loan Type: Refinance
• Market: Mahwah, NJ

Suraj Desai from Black Bear Capital Partners served as the Capital Markets Advisor for this refinance transaction, representing the interests involved in securing the loan for the property.