$10,000,000 Perm Loan on Extended Stay Hotel

Transaction Description:

$10,00,000 Perm Loan for Flagged Extended Stay Hotel to Refinance Construction Loan

Riverside County, CA

Mandri Capital has closed a $10,000,000 Perm Loan to refinance the Construction Loan on a flagged extended stay hotel in Southern California. Sponsor is a new Mandri Capital client. The bank lender funded as the property ramps up to stabilization. The new loan was underwritten based on the in-place *C-PACE* financing.

Mandri Capital arranges Bridge Loans, Construction Loans and Perm Loans on Apartment and CRE developments, nationwide. Please reach out (early!) to discuss your current financing needs. And keep your business plan on track!