USDA Business & Industry Loan
An experienced sponsor was looking to acquire this select service hotel property (91 rooms, amenity spaces, four commercial mixed-use units, boat slips) and needed additional capital.
With competitive financing and post-pandemic return of the hospitality industry, the borrower has an opportunity to improve the property’s performance and obtain pre-pandemic occupancy levels.
Based on the borrower’s business goals, his experienced track record, and the rural location of the property, X-Caliber Rural Capital recommended a Business & Industry Guaranteed Loan.
The project supports retaining 44 jobs.