Fairfield Inn & Suites

Loan Amount

$11,500,000

Lender

Correspondent Life Company

Loan Type

Construction to Permanent Debt

Recently constructed 79-unit hotel in Newberg, Oregon in the heart of wine country. The subject is wine tourism and business focused in an underserved hospitality market. The fixed-rate construction-to-perm loan was structured with 2 years I/O during construction and followed by rate resets over the 30-year loan term.