Sherpa Capital Group
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CRE Bridge Loan, Atlanta, Georgia - Hotel Acquisition

Client: An experienced sponsor and operator in the hospitality industry.

Transaction: Acquisition loan for hotel with 120 rooms located in suburbs of Atlanta, Georgia.

Challenge: Client needed to close quickly as property was under contract for several months and seller wanted a quick sale.  Client was also simultaneously terminating the existing hotel flag at closing.

Opportunity: Conventional financing could not close within the timeframe and Sherpa Capital Group LLC was able to complete diligence, site visit and provide financing within 3 weeks.

Action: Sherpa Capital Group LLC provided a first mortgage and borrowers exit strategy is to convert to work-force apartments and refinance with local lender within 12 months.

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P 312-602-6211
P 312-602-6212
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1070 N. Milwaukee Avenue
Chicago, IL 60642
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info@SherpaCapitalGroup.com
  • Home
  • THE TEAM
  • Bridge Loans
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    • Funded Loans
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