Joel Hiser a Hotel Broker & Loan Specialist: Just secured a Subordinated $300,000 Note and Deed of Trust for use in the Purchase of a Northern California Hotel
Scope of Work:
Joel Hiser a Hotel Broker & Loan Specialist just secured a $300,000 subordinated loan for 3-years at a fixed rate 7.0% and amortization for 15-years.
Description of Project:
Joel Hiser, a Hotel Broker & Loan specialist with HTL Hospitality Advisors, recently arranged $300,000 of secondary financing subordinate to a SBA loan for the acquisition of a 65 room, limited service, Comfort Suites Hotel located at 1034 N. Beale Road, Marysville, California.