Black Bear Capital Partners (“BBCP”) Arranges $9 Million Acquisition Loan For Hotel In Plano, TX

A 153-key Marriott hotel is located at 6840 N Dallas Pkwy in Plano, TX 75024. The acquisition loan for this property was arranged by Black Bear Capital Partners, and the transaction was completed at a loan amount of $9,000,000 with a loan type categorized as acquisition. The loan is fixed-rate for 18 months and features a full term interest-only payment structure. The deal was executed at a 65% loan-to-value ratio, ensuring competitive pricing for the client involved.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $9,000,000
• Loan Type: Acquisition
• Loan Terms: 18-months fixed-rate, full term I/O
• Loan-to-Value Ratio: 65%
• Address: 6840 Dallas Parkway, Plano, TX 75024
• Keys: 153
• Capital Markets Advisor: Suraj Desai - Black Bear Capital Partners

Suraj Desai from Black Bear Capital Partners played a key role as the capital markets advisor in this transaction, providing expertise and facilitating the acquisition loan for the client. The loan arrangement reflects the firm's commitment to securing favorable financing options for their clients in the competitive hospitality market.