Comfort Inn and Suites Oregon

LOAN AMOUNT: $4,234,000

LOAN TYPE: USDA B&I Loan

INDUSTRY: Hospitality

LOAN DETAILS

Location

Lincoln City, Oregon

Term

30 years

Prepayment Penalty

5,5,5,5,5

History

This $4,234,000mil USDA loan to a 62 room Comfort Inn in Lincoln City, Oregon refinanced an SBA 504 loan, improving the cash flow of the business. The three-story, wood-frame hotel property has two wings and is located on the eastern side of US Highway 101/Pacific Coast Scenic Parkway at the intersection of NE 1st Street.

Highway 101 is the major coastal route along the Pacific Coast and forms the main street of almost all coastal towns in southern and central Oregon. The property is roughly 48 miles west of Salem and 76 miles southwest of Portland. Barriers to entry are high as there is very little vacant land available.

USAF Funds are a direct end investor and not an intermediary trading loans at a profit. USAF personnel are unique in that they have both lending and buying experience. For the highest price and fastest execution in the business, call Thomas USAF Group!