$3,770,000 Hotel Purchase Loan

Category

Property Type

Loan Type

January 20, 2023

DAVENPORT, FL – This hotel purchase comprises a 53,734 square-foot, 104-room Ramada Inn located within 20 minutes of the world-class attractions Disney World, Universal Studios, Legoland, and Seaworld. The borrower is a well-equipped experienced hotel operator with a successful track record of transforming underperforming hotel assets into preferred destinations. The borrower came to Rodeo because the SBA lender could not close by year’s end; they will exit the loan with an SBA refinance.

Purchase Loan Highlights

  • 20-Day Close
  • 65% Loan to Purchase
  • Experienced Hotel Operator

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