Slatt Capital arranged $12,060,000 in acquisition financing for a two-property, 200-unit hospitality portfolio in Rohnert Park. The portfolio includes the Budget Inn and the Rodeway Inn, both established hospitality assets built in 1984. The full-recourse permanent debt financing was provided by Commercial Bank of California.
Assistant VP Daniel Yeghiazarian led the transaction. The financing was structured as an SBA 504 execution utilizing a projection-based cash flow underwriting approach. This enabled the acquisition to move forward by leveraging the portfolio’s forward-looking income potential rather than solely its historical performance.
“The SBA 504 program was the ideal vehicle for this acquisition,” said Yeghiazarian. “By utilizing projection-based cash flow underwriting, we were able to present the lender with a compelling forward view of the portfolio’s performance rather than being constrained by trailing figures. The blended rate the SBA 504 structure provides is meaningfully lower than conventional financing alternatives, which directly supports the borrower’s business plan to improve cash flow from day one.”
The post Slatt Capital Arranges Acquisition Loan for Rohnert Park Hospitality Assets appeared first on Connect CRE.
