Florida-based 3650 REIT, a nationwide commercial real estate investment firm, announced that it has originated a $38 million loan to refinance the Thompson San Antonio – Riverwalk Hotel, located at 115 Lexington Avenue. The loan carries a term of 30 months and two six-month extension options, and is provided to sponsor DC Partners, a Houston-based development and investment firm.

“The Thompson San Antonio transaction is a prime example of 3650’s strategy of investing in well-located hotels in high-growth areas, and, as the travel industry continues to recover from the economic impacts of COVID-19, we believe the Property will enjoy long-term success,” said 3650 Co-Founder and Managing Partner Jonathan Roth.

Managing Director/Group Head Lawrence Britvan and Senior Vice President Dylan Brandt of Hodges Ward Elliott arranged the financing. The 3650 team was comprised of Michael Fleischer, head of 3650’s BED platform, along with Vice President Joel Thompson and Analyst Noah Moghavem.