Scope of Work:
Yatish Nathraj a Hotel Broker: Just secured a $2Million SBA 7(a) loan for 25-years at WSJ P +1.25%(v)
Description of Project:
Yatish Nathraj, a Hotel Broker & Loan specialist with HTL Hospitality, recently secured $2,000,000 SBA loan to refinance a 65 rooms, limited service, Quality Suites located at 3602 SE Military Dr. , San Antonio, Texas. HTL was able to identify a Los Angeles based Bank with branches in Houston and Dallas that was willing to address all the borrower’s issues. In completing the loan placement, HTL was able to work with the lender to structure loan terms that allowed for the borrower to secure refinancing money. The term of the 7a SBA loan was 25-years WSJ P +1.25%(v) DCR of the property was 2.04. HTL was paid directly by the lending source and thus, the borrowing entity was not responsible for payment of any commission charges.
For additional information please contact Yatish Nathraj at 951-906-4916 or via email at YNathraj@htlha.com