Updated Mar 11, 2026
Black Bear Capital Partners (“BBCP”) is Pleased to Announce The Funding of a $19,250,000 Loan For The Refinance of a 127-key Hotel Located in Middletown, RI 02842
425 East Main Road
$19,250,000
Building Size
—
Asset Type
Hotel
Closing
Feb 20, 2026
About this deal
AI
The asset involved in this transaction is a 127-key hotel located at 425 East Main Road in Middletown, RI. The transaction pertains to a refinance loan amounting to $19,250,000 and features a 5-year term on a 30-year amortization schedule with 1-year interest only, structured at a 70% loan-to-value ratio.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $19,250,000
- Loan Type: Refinance
- Address: 425 East Main Road, Middletown, RI
- Capital Market Advisors: Eric Trombly & Suraj Desai - Black Bear Capital Partners
- Landlord: Graham & Gregory Jones
The financing was facilitated by Black Bear Capital Partners, represented by Eric Trombly and Suraj Desai, who played a key role in securing the loan for the hotel refinance. Their involvement underscores the support provided by their firm in capital market advisory services for this transaction.
On the Map
$19,250,000
Hotel
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Players
Middletown Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.82%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93