Location: Folsom, CA
Loan Amount: $17,000,000
Interest Rate: 6.05%
Loan to Value: 60%
Loan Type: Refinance
Arriba Capital has successfully closed a significant cash-out refinance for a Hampton Inn in Northern California. The $17,000,000 loan provides a substantial amount of cash-out that will be utilized for partnership buyouts and an upcoming PIP on the property.
This financing opportunity was leveraged to 60% LTV at a highly competitive fixed rate of 6.05% for 5 years on a 25-year amortization schedule. Our team worked closely with the regional hotel developer and operator to tailor the financing solution to their specific needs.
We take great pride in providing our clients with customized financing solutions that are designed to meet their unique business objectives. Our team's commitment to exceptional service, market expertise in hospitality, and extensive network of lending partners are what enable us to deliver results that exceed expectations.
If you are seeking financing for your hospitality property or other commercial real estate projects, be sure to reach out.