The purpose of this sub-participation loan is the refinance of a 1st DOT loan for a 5-story, 180-room hotel. The hotel is a limited-service lodging facility totaling 60,629 square feet building and features 108 rooms, a breakfast dining area, 700 square feet of meeting space, an indoor pool and whirlpool, a fitness room, a business center, a market pantry, a guest laundry room, and vending areas. The hotel also contain the appropriate parking capacity of 110 surface parking spots consisting of 91 on-site and 19 off-site spots. The hotel is located in California, near the most prominent intersection of the city and within 7 miles of an International Airport.
| Loan ID | 151 |
| DSCR | 1.79 |
| LTV | 36.00 |
| Note Rate | 6.47 |
| Property Location | CA |
| Type | 721110 |
| Guaranty Type | N/A |
| Loan Term | 10 yrs |
| Rate type | Var |
| Note date | N/A |
| Maturity date | 10/31/2031 |
| Participation Availability Amount | $7,372,000 |
| Minimum Participation Amount | $250,000 |
| Original Loan Amount | $9,215,000 |
| Full Loan Documentation | Link |
| Inquire | Inquire |