Surprise, AZ Hotel Refinanced For $8.1M By Suraj Desai - Black Bear Capital Partners
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This Hotel property located in AZ received a loan of $8,100,000 over 1 year ago. The broker of the deal was Suraj Desai
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- Location12477 West Bell Road, Surprise, Arizona 85378, United States
- Loan Value$8,100,000
- Asset TypeHotel
- Parties1 Broker, 1 Agency
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Deal Summary
LOAN
IMAGE: Suraj Desai
DATE: 06/29/2022
ADDRESS: 12477 W Bell Road
MARKET: Surprise, AZ
ASSET TYPE: Hotel ~ KEYS: 86
BROKER: Suraj Desai - Black Bear Capital Partners (@BlackBearCapitalPartners)
LOAN AMOUNT: $8,100,000
LOAN TYPE: Refinance
LOAN TERMS: The 60-key Days Inn Hotel (to be converted into a 86-key Candlewood Suites) was refinanced with a 5-year fixed rate loan at 71% LTV with interest-only payments.
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12477 West Bell Road
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