Seattle Funding Group closed this $4,600,000 hotel bridge loan in Bend, OR.
Business partners owned several properties together, primarily gas stations and hotels. They decided to go their separate ways with one buying out the other, but deadlines to close were paramount.
This well-located Bend Oregon hotel fits the market well, boasting consistent strong occupancy. Most impressive, perhaps, was the experience and strength of the sponsor. With several hotels in his portfolio and strong liquidity, he came to Seattle Funding Group with a speedy request to hit a settlement deadline that if missed would have cost him hundreds of thousands of dollars.
