Boutique Hotel

Amount: $6,900,000
Property Type: Hotel
Loan Type: No reserves
Loan Term: 10 year term

Caffrey & Company LLC has placed a $6.9 million loan on a Boutique (non-major flag) hotel. This transaction was priced at 7% fixed, with a 75% loan to value and a 20-year amortization. There is no collection of replacement reserves, taxes or insurance on this loan.