1Oak Capital closes an $10.6 MM Hotel Acquisition in New Mexico

1st Priority Mortgage Loan


Loan Amount

$10,600,000

Property Type

Hospitality / Hotel

Location

New Mexico

1Oak Capital is excited to announce the closing of a $10.6 million acquisition loan for a hotel property in New Mexico. We provided the capital at a 65% LTV, allowing the borrower to capitalize on a time-sensitive acquisition opportunity.

1Oak’s team were able to deliver on the following during this transaction:

  • Acquisition Financing: Enabled the timely purchase of a hospitality asset.

  • Competitive Leverage: Funded at approximately 65% LTV.

  • Speed to Market: Executed a quick closing to meet the borrower’s deadline.