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Black Bear Capital Partners Arranges $8.9M Loan For Hilton Garden Inn Acquisition In Alpharetta, GA

10975 Georgi Lane
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This Hotel property located in TX received a loan of $8,945,000 10 months ago. The broker of the deal was Suraj Desai

The Hilton Garden Inn located at 10975 Georgia Lane in Alpharetta, GA has been acquired through an acquisition loan. The loan amount for this transaction is $8,945,000. The property is a hotel with 125 keys.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $8,945,000
  • Market: Alpharetta, GA
  • Address: 10975 Georgia Lane

The deal was facilitated by Suraj Desai from Black Bear Capital Partners, who represented the buyer. The 5-year permanent loan has a loan-to-value (LTV) ratio of 65%.

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Deals
  • Location
    10975 Georgia Ln Alpharetta, GA 30022, USA10975 Georgia Ln Alpharetta, GA 30022, USA
  • Loan Value
    $8,945,000$8,945,000
  • Asset Type
    HotelHotel
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Suraj Desai

Suraj Desai

Deals33
Financed$711.8M

Agency

Black Bear Capital Partners

Black Bear Capital Partners

Agency
Deals294
Volume$6.3B

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Deal Summary

LOAN IMAGE: Suraj Desai DATE: 05/24/2023 ADDRESS: 10975 Georgia Lane MARKET: Alpharetta, GA ASSET TYPE: Hotel BROKERS: Suraj Desai - Black Bear Capital Partners (@BlackBearCapitalPartners) LOAN AMOUNT: $8,945,000 LOAN TYPE: Acquisition LOAN TERMS: The Hilton Garden Inn, spanning 125-keys, was acquired via a 5-year permanent loan at 65% LTV.

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10975 Georgi Lane

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