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Avatar Financial Provides $4.3M Bridge Loan for IHG-Branded Hotel in Portland, Texas

Summary by REBusinessOnline
PORTLAND, TEXAS — Seattle-based lender Avatar Financial Group has provided a $4.3 million bridge loan for the 95-room hotel Portland, located outside of Corpus Christi. The four-story, newly built hotel is operated by Avid, which is part of the InterContinental Hotel Group (IHG) family of brands. The sponsor is a joint venture between Viriginia-based Loudoun Hospitality Management and Atlanta-based fund manager Octave Acquisitions. The post Avat…
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Avatar Financial Provides $4.3M Bridge Loan for IHG-Branded Hotel in Portland, Texas

PORTLAND, TEXAS — Seattle-based lender Avatar Financial Group has provided a $4.3 million bridge loan for the 95-room hotel Portland, located outside of Corpus Christi. The four-story, newly built hotel is operated by Avid, which is part of the InterContinental Hotel Group (IHG) family of brands. The sponsor is a joint venture between Viriginia-based Loudoun Hospitality Management and Atlanta-based fund manager Octave Acquisitions. The post Avat…

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REBusinessOnline broke the news in on Thursday, February 13, 2025.
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