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Press release content from PR Newswire. The AP news staff was not involved in its creation.

Barry Slatt Mortgage Funds $32 Million Bridge Loan on Park James Hotel in Northern California

January 8, 2020 GMT

SAN FRANCISCO, Jan. 8, 2020 /PRNewswire/ -- Greg Gray, Daniel Yeghiazarian, and Dan Friedeberg of Barry Slatt Mortgage Company recently arranged a $32,000,000 bridge loan secured by the 61 key Park James Hotel in Menlo Park, California.

Barry Slatt was awarded the assignment over its competitors due to certainty of execution, 30-day closing period, maximum loan dollars, minimal 3rd party reports, prepayment flexibility, and ultimately, a strong relationship with the borrower that has spanned over 20 years and multiple financings. The financing was sourced through one of Barry Slatt Mortgage Company’s national debt funds. The bridge loan provided the private investor with a non-recourse 3-year fixed-term with extension options, interest-only, no exit fee, and a loan structure that met the property’s needs in order to assist with maximum cash flow as the Hotel reaches stabilization and becomes one of the premier assets on the San Francisco Peninsula.

About Barry Slatt Mortgage:
Barry Slatt Mortgage is a long-standing and respected institution with more than 47 years of experience in commercial mortgage banking. Slatt has correspondent relationships with several of the most prestigious lenders in the country, providing custom-tailored solutions for borrowers’ needs.


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SOURCE Barry Slatt Mortgage