Lending Portfolio
Transaction Details
The Hyatt Place Hotel is an adaptive reuse development of the 1950’s era Southwestern Bell Telephone Company office building in Downtown Houston. The 150-key all-suite, select service hotel was developed by Andy and Nick Patel of Pride Management.
Deal Basics
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location
Houston, TX
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loan amount
$22.8 Million
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claim type
1st Lien
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loan type
Construction Loan
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property type
Hotel