$3.373M HOTEL ACQUISITION

PROJECT DETAILS

V3 Lending successfully closed a conventional $3,373,000 Loan to acquire a 143 room Wyndam Garden Inn Hotel in Texarkana, TX. The loan was funded with a 25% equity injection at 4.9% interest rate fixed for 5 years. The sponsors are local hotel operators who were looking to expand their hospitality portfolio without having to utilize SBA financing.