$10.7M MARRIOTT REFINANCE

$10.7M MARRIOTT REFINANCE
$10.7M MARRIOTT REFINANCE

$10.7M MARRIOTT REFINANCE
$10.7M MARRIOTT REFINANCE

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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 th esame Rate/Term as the initial proposal

Closed Transaction