Loan Secured for Motel 6 & Studio 6 Refinance in Victorville, CA
VICTORVILLE, CA — Matthews™ Capital Markets (MCM), a fully integrated and dedicated financing division of Matthews Real Estate Investment Services™, secured a loan of $4,700,000 for the refinancing of Motel 6 & Studio 6 at 16868 Stoddard Wells Road, Victorville, CA. Matthews™ Associate Jim Brandon and Associate Vice President Greg Kavoklis handled the loan transaction.
The loan was a conventional, non-SBA refinance of a dual-branded hospitality asset, offering a flexible prepayment penalty, cash-out options, and no need for the borrowers to establish a deposit relationship.
“The borrowers initially explored both a sale and refinance of the property, collaborating with Matthews™ hospitality division for a dual-track marketing strategy,” Brandon said. “They plan to utilize cash-out proceeds for property enhancements while retaining the flexibility to sell soon without a prepayment penalty.”
MCM is actively recruiting capital markets specialists throughout the United States. For more information or to contact a Matthews™ specialized agent, please visit www.matthews.com.
ABOUT MATTHEWS™ CAPITAL MARKETS
The Matthews™ Capital Markets Division (MCM) is a fully integrated and dedicated financing division of Matthews Real Estate Investment Services™. Matthews™ Capital Markets provides capital solutions ranging from $500,000 to $100 million for all property types across the U.S.
PRESS CONTACT
Kaylee Stock
(602) 218-5213
[email protected]
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