FINANCED
Black Bear Capital Partners Secures $18.7M Loan For Livermore & Walnut Creek Hotel Portfolio
4673 Lassen Road & 2389 North Main Street
Hotel
Financed 1 year ago
Summary
Loan
CALIFORNIA
Hotel
The two-property Motel 6 portfolio, located at 4673 Lassen Road in Livermore and 2389 North Main Street in Walnut Creek, was recently acquired through an acquisition loan. The hotel assets, encompassing a total of 177 keys, have been financed with a 5-year term and a 25-year amortization senior loan, accompanied by fixed-rate mezzanine financing. The loan amount secured for this transaction amounts to $18,700,000.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $18,700,000
- Market: Livermore and Walnut Creek
Suraj Desai, operating under Black Bear Capital Partners, played a pivotal role in this deal, serving as the broker responsible for representing the parties involved in the transaction.
Players
Details
FINANCED
IMAGE: Suraj Desai
DATE: 07/27/2022
ADDRESS: 4673 Lassen Road & 2389 North Main Street
MARKET: Livermore & Walnut Creek
ASSET TYPE: Hotel
BROKER: Suraj Desai - Black Bear Capital Partners (@BlackBearCapitalPartners)
LOAN AMOUNT: $18,700,000
LOAN TYPE: Acquisition
LOAN TERMS: The acquisition of the two (2) property Motel 6 portfolio, totaling 177-keys, was financed with a 5 year term, 25 year amortization senior loan & fixed-rate mezzanine financing.View on map
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Address4673 Lassen Road & 2389 North Main Street
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