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» $3.6 Million Hotel, Orangeburg, SC

Posted by Loan Closed

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The sponsor approached Avatar to assist with the purchase of this 36K square foot Comfort Inn Suites & Hotel with 69 guest rooms located in Orangeburg, SC for $6,500,000. Avatar was able to provide capital for the purchase and close within the timeframe needed to meet both borrower and seller's needs. 

  • Loan Amount: $3,600,000
  • Interest Rate: 8.99% 
  • Term: 24 months
  • LTV: 56%


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