Grand Junction Hotel Conversion
100% LTC, interest-only bridge
![](https://cdn.prod.website-files.com/667e299c6cc480823ec934bd/667e299c6cc480823ec93804_map-pin.png)
Grand Junction
,
CO
![](https://cdn.prod.website-files.com/667e299c6cc480823ec934e4/667e299c6cc480823ec94058_QnZO5U_VXUripT7g.jpeg)
Amount: $
1740000
StackSource arranged bridge financing for hotel conversion to mixed-use property. The sponsor plans to redevelop the 25-room historic hotel into a combination of short-term and long-term rental units. The sponsor is an experienced investor and developer based in Denver, with a focus on value-add residential and commercial properties. StackSource Capital Advisor Jaideep Chadha was able to secure a full-term, interest-only bridge loan at 10.5% and 100% LTC on construction funds. The sponsor owned the hotel outright with no cashflow in place at the time of closing.
Deal Team
No items found.