$3.373M HOTEL ACQUISITION

$3.373M HOTEL ACQUISITION
$3.373M HOTEL ACQUISITION

$3.373M HOTEL ACQUISITION
$3.373M HOTEL ACQUISITION

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PROJECT INFO

$3,373,000
Conventional Acquisition Loan
Wyndam Garden Inn Hotel
Texarkana, TX

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.

Closed Transaction