RRA Capital Provides $7.7M Loan For Hotel Financing In North Myrtle Beach

The transaction involved a hotel asset located at 620 75th Avenue North in North Myrtle Beach. The deal was supported by a loan amount of $7,700,000.00, facilitating the property transaction within the specified market.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $7,700,000.00
• Loan Date: 04/27/2022
• Broker: David Turley - Cronheim Mortgage
• Lender: RRA Capital

The representation for this transaction was handled by David Turley, who represents Cronheim Mortgage in the brokerage of the deal, working alongside RRA Capital, the lending entity involved in financing the hotel asset.