Matthews™ Capital Markets Secures $4.7M Loan for Hospitality Refinance

Loan Secured for Motel 6 & Studio 6 Refinance in Victorville, CA

 

VICTORVILLE, CA —  Matthews™ Capital Markets (MCM), a fully integrated and dedicated financing division of Matthews Real Estate Investment Services™, secured a loan of $4,700,000 for the refinancing of Motel 6 & Studio 6 at 16868 Stoddard Wells Road, Victorville, CA. Matthews™ Associate Jim Brandon  and Associate Vice President Greg Kavoklis handled the loan transaction.

 

The loan was a conventional, non-SBA refinance of a dual-branded hospitality asset, offering a flexible prepayment penalty, cash-out options, and no need for the borrowers to establish a deposit relationship.

 

“The borrowers initially explored both a sale and refinance of the property, collaborating with Matthews™ hospitality division for a dual-track marketing strategy,” Brandon said. “They plan to utilize cash-out proceeds for property enhancements while retaining the flexibility to sell soon without a prepayment penalty.”

 

MCM is actively recruiting capital markets specialists throughout the United States. For more information or to contact a Matthews™ specialized agent, please visit www.matthews.com.

 

ABOUT MATTHEWS™ CAPITAL MARKETS

The Matthews™ Capital Markets Division (MCM) is a fully integrated and dedicated financing division of Matthews Real Estate Investment Services™. Matthews™ Capital Markets provides capital solutions ranging from $500,000 to $100 million for all property types across the U.S.