Arriba Capital closed a $10,000,000 construction loan for the Holiday Inn Express located in Bordentown, NJ. The combination of the SBA 504 and EB-5 programs is the perfect solution to meet the void left by traditional lenders. The program provides a tangible opportunity for borrowers to secure financing for their projects, while EB-5 investors have the opportunity to pursue their citizenship goals. Furthermore, the 504/EB-5 program provides an additional layer of security for the EB-5 investor by placing them in a 1st lien position on a secured asset with the SBA in a junior position. Arriba Capital leveraged it's relationships with an EB-5 regional center to piece together this very complex transaction.
The borrower is a privately held, New Jersey-based hospitality development and management company.