Stay Over Suites

Property Name: Stay Over Suites
Location: Hopewell, Virginia
Property Type: Hotel/Hospitality
Transaction Type: Acquisition Financing
Loan Amount: $5,260,000
Details: Shaun Jepsen closed this $5,260,000 acquisition loan on a hospitality property located in Hoepwell, Virginia. Acquisition financing for a 1031 exchange buyer. Property does not have a national flag and is located in a smaller city, but it does have 10 years of operational history, a superior extended stay suite floor-plan in the market, and a strong demand driver with a local military base. We arranged a non-recourse loan with a structured component to handle the future PIP/replacement reserve needs.
More Info: Shaun Jepsen at 702-693-4640 or contact me