Purchase Financing for Oregon Hotel
DANA POINT, CA: November, 2008 – Chris Chiotis, Principal of Pacifica Capital & Brokerage, Inc. is pleased to announce his firm arranged first mortgage financing for the purchase of the Comfort Inn located in Roseburg, Oregon. Pacifica arranged the deal (which provided more than 80% leverage and an interest rate in the 5.0% percent range) through a Southern California based bank.
"While banks may often give you a quick "yes" to financing your next hotel, the current economic environment underscores the need for investors to have a hotel financing professional in their corner to ensure that "yes" translates into a successful closing."
"Pacifica Capital & Brokerage, Inc. prides itself on sourcing hotel lenders that have proven track records and that are genuinely committed to approving, funding and closing transactions for their clients." according to Chris Chiotis, Principal of Pacifica Capital & Brokerage, Inc.
About Pacifica Capital & Brokerage, Inc. – Dana Point, CA-based Pacifica is a boutique commercial real estate brokerage firm with focused experience in hospitality real estate. With a national reach and an emphasis in hospitality financing, Pacifica maintains solid relationships with the industry’s most active and aggressive capital sources. Pacifica’s depth of knowledge, coupled with its strong relationships allows them to strategically target capital sources that best fit their client’s needs, yielding the most competitive rate and terms available in the market.
Chris A. Chiotis
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