Construction Financing

in

Hayward, CA

$15,200,000
Construction loan in Hayward, CA
January 6, 2021
Overview

The $15.2 million construction loan will be used for the development of a to-be built, 82-key hotel located in Hayward, California, in the Bay area.

The Sponsor required a high leverage, non-recourse loan in a tightening market for hotel financing.  Furthermore, the property was located in a secondary sub-market of the wider metro area.

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