$6.2M HOTEL REFINANCE

$6.2M HOTEL REFINANCE
$6.2M HOTEL REFINANCE

$6.2M HOTEL REFINANCE
$6.2M HOTEL REFINANCE

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PROJECT INFO

$6,200,000
Refinance Permanent Fixed Rate Mortgage
4.25% Fixed for 10 years
25 year amortization
CMBS-Non- Recourse
Houston, Texas

PROJECT DETAILS

Client came to V3 Lending looking for a cash out equity in his Holiday Inn hotel in order to acquire additional properties.
V3 Lending was able to structure and fund a $6.2M loan which gave the client over $2.5M in cash to invest in other properties. The Client received a low 4.25% Fixed rate for 10 years on 25 year amortization.

Closed Transaction