The asset involved in the transaction is a hotel repositioning located at 3411 Lake Tahoe Boulevard in the South Lake Tahoe market. The deal has secured a loan amount of $82,475,000, structured for acquisition and construction purposes.

Summary of transation details:
Property Type: Hotel Repositioning
Transaction Amount: $82,475,000
Lender: A.K. Prabhakar & Kyle Rowe – Oceanview Commercial Mortgage Finance, LLC, an affiliate of Bayview Asset Management
Sponsors: Lloyd Goldman, Justin Kleinman, Michael Siegel – BLDG Management & Michael Nenner – Gurney’s Resorts
Advisors: Max Herzog, Marko Kazanjian, Max Hulsh, Steven Buchwald & Michael Samuelian – Institutional Property Advisors (IPA)

The deal features key individuals and companies including the lenders A.K. Prabhakar and Kyle Rowe, as well as sponsors Lloyd Goldman, Justin Kleinman, Michael Siegel, and Michael Nenner. The advisory role has been fulfilled by Max Herzog, Marko Kazanjian, Max Hulsh, Steven Buchwald, and Michael Samuelian, showcasing a collaborative effort through Institutional Property Advisors (IPA).

Originally published on Traded.co