$9,600,000

Conventional bank acquisition financing for a 116-key La Quinta hotel in Western Washington. Historical cash flow wouldn't service the debt at a reasonable leverage point, so the deal required a lender willing to underwrite to pro forma income. SCG cleared the market and sourced three competing bank offers, all underwriting to pro forma cash flow, achieving a 66% loan-to-cost. Flawless execution from a gold-plated borrower and experienced operator.