Marcus & Millichap Capital Arranges $8.86M Acquisition Loan For Artesia Hotel | 2501 South Permian Pavilion Loop | Tyler Waller | Hotel | Loan

Summary

Loan

NEW MEXICO

Hotel

The Hampton Inn & Suites Artesia hotel in Artesia, NM, with 81 keys, was acquired with the help of a $8,855,000 loan. The loan, facilitated by Marcus & Millichap Capital Corporation, is an acquisition type with a 10-year term. This loan includes 3 years fixed interest, 25 years amortization, and a 70% loan-to-value ratio.

Summary of transaction details:

Property Type: Hotel
Transaction Amount: $8,855,000
Address: 2501 South Permian Pavilion Loop
Market: Artesia, NM
Broker: Tyler Waller - Marcus & Millichap

The acquisition of the Hampton Inn & Suites Artesia hotel was made possible through a loan amounting to $8,855,000. Tyler Waller from Marcus & Millichap played a crucial role as the broker in the deal.

Players

All
2

Agents
1
Agencies
1

Tyler Waller

Senior Director

Marcus & Millichap

Details

Deal Summary

FINANCED

IMAGE: 03/27/2024 ADDRESS: 2501 South Permian Pavilion Loop MARKET: Artesia, NM ASSET TYPE: Hotel ~ KEYS: 81 BROKER: Tyler Waller - Marcus & Millichap LOAN AMOUNT: $8,855,000 LOAN TYPE: Acquisition LOAN TERMS: 10-year loan include 3-years fixed interest with 25-years amortization and a 70% loan-to-value NOTE: Marcus & Millichap Capital Corporation facilitated $8,855,000 in financing for the acquisition of the Hampton Inn & Suites Artesia hotel in New Mexico.

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Address2501 South Permian Pavilion Loop

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