Project Description

Refinance a 4-Story Hotel in Tacoma, WA
Loan Amount: $12,460,000
Loan Type: Bridge


Our Borrower was seeking a $12,460,000 Mega Bridge Loan to refinance a four-story hotel situated on a 1.94 acres site in Tacoma, Washington.

  • New hotel under construction immediately adjacent to subject property
  • Hospitality industry is still recovering from the pandemic


Due to:

  • Easily accessible location in a growing city
    • Close proximity to Interstate 5 and the fronting street
    • Near JBLM Military Installation, the primary generator of room night demand
  • Recently completed renovations

Grand Pacific was able to provide:

  • $12.46MM Bridge Loan
  • Lower Monthly Payment (Interest Only)

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California Finance Lender License# 6032068
Loans made or arranged pursuant to a California Financing Law License.
NMLS ID: 2346991