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California  + Inland Empire  + Hospitality  | 

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.

“This refinance for the Embassy Suites in La Quinta underscores the continued strength of the hospitality market in Southern California and our ability to secure favorable financing for well-positioned assets,” said Monasch. “Working with a trusted lender source allowed us to achieve an extremely competitive and very positive outcome of terms and structure for our client.”

Situated in the Coachella Valley, the Embassy Suites is a popular destination for both business and leisure travelers. The refi allows ownership to optimize the capital structure and further enhance the value of the property.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
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