Location: Billings, MT

Loan Amount: $2,400,000

Pre-Payment Penalty: 5,3,1

Loan to Cost: 90

Loan Type: Acquisition

Overview:
Arriba Capital closed a $2.4mm acquisition loan at 90% LTC on an independent hotel in Montana for a first-time hospitality buyer. The SBA 7a loan closed in 60 days from start to finish.