Financing Amount:
Cash Out Refinance
Capital Source:
Credit Union
Transaction Details:

The Hawthorn Suites is a 68 key hotel located in Tempe Arizona. The owner is an Arizona-based hotel owner and operator who had an SBA loan on the property coming to maturity. The $2.5 million loan represents a 70% loan-to-value and provides the owner with a $1.4 million cash out. It carries a 10 year term based upon an initial fixed rate of 4.7%.

The borrower required maximum prepay flexibility should he decide to sell the asset so Tower utilized an existing relationship with a local credit union active in the hospitality space that offers no prepayment penalty to its borrowers.

recent transactions


15333 N. Pima Road
Suite 375
Scottsdale, AZ 85260
AZ CMB-0928926


2626 Cole Ave
Suite 300
Dallas, TX 75204

Los Angeles

1801 Century Park East
24th & 25th Floors
Los Angeles, CA 90067
CA DRE-02237859
Copyright © 2024 All Rights Reserved Tower Capital | Website Developed by Connect Creative
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram