Slatt Capital secures $12.06 million in acquisition financing for a 200-unit, two-property hospitality portfolio in Rohnert Park.
Slatt Capital has arranged $12,060,000 in acquisition financing for a 200-unit hospitality portfolio located in Rohnert Park. The portfolio consists of the Budget Inn and the Rodeway Inn, both of which were built in 1984.
The transaction, led by Slatt Capital Assistant VP Daniel Yeghiazarian, utilized an SBA 504 loan structure. Commercial Bank of California provided the full-recourse permanent debt. By employing a projection-based cash flow underwriting approach, the team successfully leveraged the portfolio's forward-looking income potential to secure terms more favorable than conventional alternatives.
Peachtree Group opens the 220-room TownePlace Suites by Marriott in Palmdale, California.
Dreamscape Hospitality assumes management of the 299-room Delta Hotels by Marriott Ontario Airport in Ontario, California.
Daily emails covering the projects and news that match your service area, building types, and the project stages you bid on.
Free now — first 50 founding members lock in 30% off at launch.
Free. One click to unsubscribe. No tracking pixels.