Recently Financed- La Palm
Updated: Mar 24
The borrower was acquiring La Palm Motel with the intent to transition to a traditional multifamily operation.
Despite the existing short term rental operation and its vintage construction, Andy Crawford, CCIM was able to leverage one of CommCap's many lender relationships. In coordinating the transaction, Andy met the borrower’s investment goals by arranging a highly leveraged loan with a low interest rate.
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