More than $ 10 million in C-PACE loan for the TETRA hotel and the AC Sunnyvale hotel – Blog Law Hotel – June 7, 2021
June 7, 2021
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Hotel lawyer: Another PACE (C-PACE) commercial financing closed
The GES team worked with funding source C-PACE to secure a loan of over $ 10 million for the 190-room TETRA hotel, which includes a fitness center, full-service restaurant and a bar, and the 160-room AC Hotel by Marriott in Sunnyvale, CA.
Hotel: TETRA Hotel, Autograph Collection and AC By Marriott Sunnyvale Cupertino
Location: Sunnyvale, California
C-PACE loan amount: Over $ 10 million
How We Can Help You With Commercial PACE Financing (C-PACE)
C-PACE loans have become an important and rapidly growing sub-specialty in our hotel finance capabilities. We work with C-PACE suppliers / lenders and borrowers. In fact, we have been fortunate enough to work with one of the leading C-PACE funding providers as they expand their national platform.
We welcome inquiries to see if we can help you assess potential PACE funding opportunities.
For C-PACE funding and other hotel finance related matters, contact David Sudeck at 310.201.3518 or [email protected]
David Sudeck is a senior member of JMBM’s Global Hospitality Group® and JMBM’s real estate department. His practice focuses primarily on the complex issues associated with hotels, resorts, vacation ownership properties (including shared ownership, destination clubs, timeshares, fractions and private residence clubs), restaurants (including consulting agreements with chefs), golf courses and spas.
A seasoned real estate lawyer, David has extensive legal experience involving all types of residential and commercial properties. He represents owners – including hospitality clients – in the buying and selling, development, construction, financing, rental and leaseback of properties, and advises them on their operating contracts. and management, including hotel management contracts. Contact David Sudeck at 310.201.3518 or [email protected]
This is Jim butler, author of www.HotelLawBlog.com and founding partner of JMBM and JMBM’s Global Hospitality Group®. We provide business and legal advice to hotel owners, developers, independent operators and investors. This advice covers critical hotel issues such as buying, selling, development, financing, franchise, management, ADA, and intellectual property issues. We also have compelling experience in hotel litigation, union avoidance and union negotiations, as well as cybersecurity and data privacy.
JMBM’s Global Hospitality Group® has helped customers around the world with more than 4,300 hotel properties valued at over $ 104.7 billion. contact me at + 1-310-201-3526 or [email protected] to discuss how we can help you.
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