$7,000,000 – Cash Out Refi, Fairfield Inn & Suites, Memphis, TN

/in

$7,000,000

Cash Out for new hotel with only one year of operating history!

5 Year Fixed Rate Term, locked at application

Limited Recourse

6.38% fixed rate

DETAILS:

Sponsor is an active developer in the area with a rock solid reputation. Many lenders in the area do not lend on hotels, which created the challenge for Banyan Commercial Capital to solve for client.

Michael Brown – [email protected]

Dan Bockstoce – [email protected]