Location: Ohio & Pennsylvania

Loan Amount: $16,400,000

Term/Amortization: 10/30

Loan to Value: 70%

Pre-Payment: Yield Maintenance

Loan Type: Refinance

Arriba Capital successfully financed a $16.4MM cash-out refinance secured by 3 hotel properties located in Pennsylvania & Ohio. The 10-year fixed-rate term was amortized over 30 years. The refinanced proceeds were utilized to complete the necessary property improvement plans required by the franchises.