Mohit Developers Acquires Hotel In Desoto With $9.5M Loan From State Bank Of Texas

The hotel located at 2700 Travis Street in Desoto has been recently involved in a closed loan transaction. The property has a size of 63,097 square feet. The loan was provided by State Bank of Texas in the amount of $9,500,000 and it was an acquisition loan. The borrower in this transaction was Mohit Developers represented by Dipak Chauhan. The brokers involved in the deal were Jatin "JT" Jariwala from Hotel Brokers of America.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $9,500,000
• Address: 2700 Travis Street
• Market: Desoto

The borrowers in this loan transaction were Mohit Developers, a property development company represented by Dipak Chauhan. They sought financing from State Bank of Texas for the acquisition of the hotel property located at 2700 Travis Street in Desoto. The brokers who facilitated the deal were Jatin "JT" Jariwala from Hotel Brokers of America.