1Oak Capital closes an $10.6 MM Hotel Acquisition in New Mexico
1st Priority Mortgage Loan
Loan Amount$10,600,000
Property TypeHospitality / Hotel
LocationNew 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.