$18,700,000 BRIDGE LOAN CLOSED FOR A LA QUINTA HOTEL IN FLORIDA WITH A 75% AS-STABILIZED LTV AND A 6.30% FIXED INTEREST RATE. FIRST HOTEL LOAN CLOSED BY LENDER IN OVER 10 YEARS.

Hotel Bridge Loan Structure

Narrative

Skylatus Property Capital arranged a 6.30% fixed-rate hotel bridge loan at 75% as-stabilized LTV for a hotel in Florida.

The financing was provided by a credit union completing its first hotel loan in 10 years.

This closing demonstrates the value of broad lender coverage. The best capital source for a transaction is not always the most obvious one.

Skylatus helps hotel and multifamily sponsors source, structure and close debt and equity capital for acquisitions, refinances, recapitalizations, renovations and ground-up construction nationwide.

Congratulations to our client and everyone involved in the transaction.

Better Terms. Greater Certainty. Faster Closings.