Financing Amount:
Acquisition Loan
Peoria, AZ
Capital Source:
Debt Fund
Transaction Details:

Tower Capital arranged $9,450,000 in financing for the acquisition of a 108-key, limited service, Wyndham-flagged hotel located in Peoria, AZ.  The non-recourse loan is floating at a rate of SOFR + 6.45%. The 3-year loan was closed within weeks of application and provided the borrower with 70% LTC financing.  The Wyndham hotel is located next to major demand drivers including the Peoria Sports Complex, University of Phoenix Stadium and Gila River Arena.  Tower Capital conducted a full marketing process and was able to leverage market interest to secure the most competitive terms by focusing on the assets’ superior location as well as our Sponsor’s 40-year track record owning and renovating hotels.

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