Black Bear Capital Partners Arranges $27.5M Acquisition Loan For 204-Key Hotel In San Jose, CA

The acquisition of the Motel 6 located at 2560 Fontaine Road in San Jose, CA has been financed with a nonrecourse floating-rate senior loan and fixed-rate mezzanine financing. The hotel comprises of 204 keys and the loan amount for this transaction is $27,500,000. The loan is an acquisition loan and features full-term interest-only payments.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $27,500,000
• Address: 2560 Fontaine Road, San Jose, CA
• Market: San Jose, CA
• Asset Type: Hotel
• Keys: 204

The acquisition of the Motel 6 was made possible through the efforts of Suraj Desai from Black Bear Capital Partners, who served as the broker for this deal.