Hotel: Spokane / Pasco, WA

Location
Spokane / Pasco, WA
Interest Rate
4.43% (Blended)
LTV
80%
Loan Amount
$7,840,000
Loan Type
SBA 504
Date
May 2019
AAI Financial facilitated the closing of 4 loans totaling $7,840,000 for the purchase of two operating and stabilized flagged hotels. We were able to utilize SBA 504 to reduce the down payment requirements and secure long-term low-rate financing.