Cortona Inn and Suites

$9,100,000 Hotel Loan from Bank

City: Anaheim, CA
Loan amount: $9,100,000
Lender type: Bank
Property type: Hotel
Size: 127 Rooms

Transaction description

Michael Thorp and Ari Zeen of PSRS arranged the $9.1 million refinance of a hotel property in Anaheim, California. The subject property is a 127-room, boutique hotel in the heart of the Anaheim Resort. The hotel is strategically located adjacent to the Anaheim Convention Center and within walking distance from Disneyland. Financed with bank execution, PSRS provided its borrower a non-recourse, 35% LTV loan with a seven-year term and a 30-year amortization.

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