The property involved in this transaction is a hotel asset located at 1535 North East Butte Road in Jackson, WY. The asset comprises 40 keys and is associated with a refinance loan amount of $126,000,000. The transaction is positioned within the Jackson market, highlighting the property’s relevance in the region.

Summary of transaction details:

Property Type: Hotel
Transaction Amount: $126,000,000
Lender: Oceanview Life and Annuity Company
Landlord: Dan Morin – M Development
Landlord’s Representative: Jordan Roeschlaub, Nick Scribani, and John Caraviello – Newmark
Loan Type: Refinance

This transaction features key individuals, including A.K Prabhakar, who serves as the Senior Vice President on the lender origination team representing Oceanview Life and Annuity Company. The refinancing process was facilitated effectively by the representatives of the landlord, ensuring a structured approach to the deal.

Originally published on Traded.co