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Slatt Capital Arranges Refi on Coachella Valley Embassy Suites
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Slatt Capital Arranges Refi on Coachella Valley Embassy Suites
Slatt Capital said Wednesday it arranged $23 million in financing for the Embassy Suites by Hilton located in La Quinta. The firm’s Scott E. Monasch, principal/board member, led the advisory. The refinance loan for the 146-key hospitality asset was secured through a Slatt relationship lender. The loan included a 10-year term, 25-year amortization and five-year fixed rate plus reset in the low 6% range, step-down prepay and cash-out structure. “T…
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