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» $10.6 Million - Two Hotels, FL

Posted by Loan Closed

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Our Sponsor owns the Champions World Resort – a recently renovated 435-room hotel in Kissimmee, FL.  The nearby Baymont Hotel in Celebration, FL was in bankruptcy and was offered for sale.  Our Sponsor won the bid with an offer of $10.2 million and committed to close within 30 days of Court approval.  The Champions World Resort was free and clear, so the Sponsor pledged both hotels to Avatar for an attractive loan-to-value and plenty of cash flow to service our debt.

  • Loan Amount: $10,600,000
  • Interest Rate: 9%
  • Term: 24 months
  • LTV: 44% 



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