Jordan Ray Of Institutional Property Advisors Secures $16.68M Acquisition Loan For Residence Inn Santa Fe

The property involved in the transaction is a hotel located at 1698 Galisteo Street in Santa Fe, NM, comprising 120 keys. The acquisition financing secured for this asset amounts to $16,680,000. The hotel offers amenities such as full kitchens, a fitness center, and an outdoor pool, positioning it well within the market.

Summary of transation details:

• Property Type: Hotel
• Transaction Amount: $16,680,000
• Loan Type: Acquisition
• Market: Santa Fe, NM
• Address: 1698 Galisteo Street
• Keys: 120
• Brokers: James Matheny, Jordan Ray, Rachael Krawiecki & Steven Buchwald - Institutional Property Advisors

This transaction was supported by IPA Capital Markets, which arranged the financing with Hillcrest Finance. The loan was organized by Jordan Ray and his team, highlighting the collaborative efforts of the brokers involved in facilitating the acquisition financing for the Residence Inn Santa Fe.