Monolith Capital Provides $9M Mezzanine & Recapitalization Loan For Las Vegas Hotel | Black Bear Capital Partners brokers loan for $9,000,000 in Las Vegas | Monolith Capital | Suraj Desai | Hotel | Loan

Summary

Loan

NEVADA

Hotel

An investment firm, Monolith Capital, provided $9,000,000 in mezzanine financing and recapitalization for three Motel 6 properties in Las Vegas, NV. The properties, totaling 606-keys, were part of the transaction. The loan also allowed the borrower to cash out through the recapitalization of existing assets with a fixed-rate loan.

Summary of transaction details

Property Type: Hotel
Transaction Amount: $9,000,000
Address: Multiple Addresses
Market: Las Vegas, NV
Keys: 606

The loan was provided by Bobby Pokora and John Hohos from Monolith Capital. Suraj Desai represented the borrower in the deal as the broker.

Players

All
3

Agents
1
Agencies
1
Lenders
1

Suraj Desai

Senior Managing Director

Black Bear Capital Partners

Monolith Capital

Details

Deal Summary

FINANCED

IMAGE: Suraj Desai, Bobby Pokora & John Hohos DATE: 03/17/2022 ADDRESS: Multiple Addresses MARKET: Las Vegas, NV ASSET TYPE: Hotel ~ KEYS: 606 LENDER: Bobby Pokora & John Hohos - Monolith Capital BROKER: Suraj Desai - (@BlackBearCapitalPartners) LOAN AMOUNT: $9,000,000 LOAN TYPE: Mezzanine & Recapitalization LOAN TERMS: Provided mezzanine financing for three (3) Motel 6 Properties, totaling 606-keys, and provided cash out to the borrower through the recapitalization of existing assets with a fixed rate loan.

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AddressBlack Bear Capital Partners brokers loan for $9,000,000 in Las Vegas

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