Marcus & Millichap Secures 5-Year, 6.5% Fixed Refinance Loan For Richmond, TX Hotel

The property involved in this transaction is a hotel located at 5350 Pointe West Circle in Richmond, TX. The deal involves a refinance loan.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: Not specified
• Loan Type: Refinance
• Loan Terms: 6.5% Interest Rate Fixed for 5-Years, 60% LTV Cash-Out Refinance, 5-Year Loan Term, 2-Years Interest Only Payments followed by a 28-Year Amortization, 0.35% Origination Fee

The broker representing this transaction is Duke Dennis from Marcus & Millichap.

If you have any further questions or inquiries, you can reach out to Duke Dennis at 979-777-9910 or [email protected].