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

Challenge

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

Solution

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)