WoodSpring Hotel

Loan Purpose:

Cash-Out Refinance

Asset Class:

Hotel

Loan Amount:

13,741,129

Details

AVANA Companies, a family of ESG lending and investment platforms, recently closed a $ 13,741,129 loan to an investor based in California. The loan will be used to refinance a current one on a hotel property in Colton, CA. The hotel is a 4 stories building with total building size of 40,000 square feet built on an area of 3.11 acres.

The hotel opened in 2020 and was the newest in the area at that time. It is within a short drive from the Downtown Riverside and Glen Helen Regional Park.

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