The purpose of this sub-participation loan is to finance the construction of a five-story, interior corridor, 106-room Suites, Orlando, FL. The proposed hotel will operate under a licensing agreement (in file) for a term of 30 years after the opening date.

The Subject Property is a Select-Service lodging facility that will feature 106 rooms, a restaurant and bar, 1,433-SF of meeting space, an outdoor pool, a fitness room, a business center, a market pantry, a guest laundry room, and an outdoor patio. The hotel will also contain the appropriate parking capacity to meet city and county regulations. The proposed Cambria Suites will be conveniently located and will primarily service the Orlando International Airport (MCO).

Loan ID 0125
DSCR 1.58
LTV 56.99
Note Rate 6.25
Property Location FL
NAICS 721110
Guaranty Type None
Loan Term 11.25 yrs
Rate type Var
Note date 11/22/2019
Maturity date 01/03/2031
Participation Availability Amount $0
Minimum Participation Amount $250,000
Original Loan Amount $9,900,000
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