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