We are proud to have provided the acquisition loan on this incredible property spanning 11-acres on the beautiful, picturesque Oregon coast. The subject property is a multi-building, 110-room full-service oceanfront hotel with sweeping views of the Pacific Ocean and coastline. The borrower is an experienced hotel owner/operator who will implement a cosmetic renovation plan and a professional management team post-acquisition. The borrower will exit Rodeo’s loan with an SBA refinance once renovations are completed.
Closing Highlights
- Highly Experienced Repeat Borrower
- Oceanfront Property
- 70% Loan to Purchase
