10.7M Marriott Refinance.jpg

PROJECT INFO

$10,700,000

CMBS Refinance

Marriott Hotel

Southern TX

PROJECT DETAILS

V3 Lending successfully secured a $10.7M CMBS Loan on a Marriott Hotel Refinance.  With rising interest rates, the sponsor wanted to ensure a long term fixed payment. V3 Lending was able to secure and fund the loan within 60 days from the time of the application. 

  • 10-Year Treasury + 240 = 4.95%

  • 10-Year Fixed Rate/ 30 Year Amortization

  • 65% LTV, 11% Debt Yield

  • Non-Recourse Loan

  • Loan executed at the same Rate/Term as the initial proposal