Los Angeles, California – The Commercial Loans news is on California Non Recourse Loans. Dallas-based Rockpoint Group LLC and Clearview Hotel Capital LLC purchased the two Commercial Proeprties and required some Commercial Mortgage Loans. The Courtyard by Marriott on Jefferson Street was acquired for $29 million. The second Commercial Property purchased was the Holiday Inn Express on Old Town Avenue for approximately $13.75 million.
Commercial Mortgage Lenders had recently arranged two non-recourse loans for the borrower, Clearview Hotel Capital LLC. This Commercial Property Owner, Clearview Hotel Capital LLC is headquartered in beautiful Newport Beach, California. Clearview Hotel Capital, LLC is a privately-held hotel investment firm and investment advisory company. This Company is strictly focused on acquiring and asset-managing hotels in primary urban and unique locations. Clearview Hotel Capital LLC was started in 2007 by Jon Kline.
Commercial Mortgage Lenders were able to obtain funds for a $20 million, fixed rate Commercial Loan for the 176-room Hotel known as the Courtyard San Diego Old Town. This Courtyard San Diego Old Town was originally built in the year 1987. The Commercial Loan Collateral, Courtyard Old Town San Diego hotel is very elegant and offers a wide range of convenient features for guests. This Commercial Loan collateral allows guests the usage of free high-speed Internet access, a 24-hour business center, and relaxing in-room spa services. This San Diego Commercial Loan Collateral is a 100% Non-Smoking Hotel with approximately 4,436 square feet of meeting space for Hotel Guests.
Commercial Mortgage Lenders also secured financing for approximately $12.17 million. This Commercial Loan is equipped with a floating-rate. This Commercial Loan is secured by the Holiday Inn Express San Diego Old Town. This Commercial Property has 125 rooms for renting. This Commercial Loan Collateral, the Holiday Inn Express San Diego Old Town, was constructed in the year 1989.
These Hotel properties are still preferred by commercial Mortgage Lenders. Also, CTL Financing for Triple Net Lease Properties, Net Leased Investments and Retail shopping centers is readily available. Commercial Mortgage Lenders also have the San Diego area pegged as an attractive district for Commercial Loan funding.
These properties used for commercial Loan Collateral in San Diego Old Town are situated near world famous attractions such as the exciting Sea World, the San Diego Zoo (one of the best in the Country), and gorgeous Mission Bay beaches. Commercial Mortgage Lenders also prefer lending in San Diego as this area host an enormous amount of Visitors, who need Hotel rooms.
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