Lake Tahoe 2 Hotel Acquisition & Rehab

 

174 keys in South Lake Tahoe, CA

 

  • $11,000,0000
  • Acquisition bridge loan to purchase and re-brand two adjacent non-flagged properties into a Joie de Vivre boutique lifestyle hotel
  • Financing obstacles included asset in receivership, limited operating history and market seasonality
  • 71% loan to total project cost inclusive of $3.5M flexible draw for PIP
  • Funded by private bridge fund