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]
Recent Articles
Recent Media & Thought Leadership
11/7/2024
Matthews™ Capital Markets Secures $4.7M Loan for Hospitality Refinance
11/4/2024
Matthews™ Market Leader Named Orange County Visionary
10/31/2024
Matthews™ Executes $22.78M Sale of Chicago, Illinois Class A Condo
10/31/2024
Matthews™ Announces Sale of Alabama Shopping Center
10/25/2024
Matthews™ Closes Sale of Premier Multi-Tenant Retail Strip Center in GA
10/25/2024
Matthews™ Facilitates $36,750,000 Sale of Medical Office Portfolio in North Carolina
10/22/2024
Matthews™ Facilitates Sale of Institutional Quality IOS Asset
10/22/2024
Matthews™ Ends Q3 with Positive Transaction Activity
10/17/2024