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Hotel Loan - $2,420,000 - Super 8 - San Diego

  • Loan Amount: $3,000,000
  • Property Type: Hotel Building
  • Originator: Sam Petros
  • Interest Rate: 3.25%
  • Location: San Diego, CA

In this transaction San Diego Commercial & Business Financing was able to facilitate the purchase of this well managed and well run Super 8 Hotel in San Diego, CA.  We were able to deliver our loan at WELL below market rates at the time because of the quality of the property and the quality of the client.  

LTV:      50%
Term:    Adjustable rate amortized over 25 years
Rate:     3.25%
Prepay:  Step Down