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**Slatt Capital Secures $23M Refinance for Embassy Suites in La Quinta**
Slatt Capital has successfully arranged a $23 million refinance loan for the Embassy Suites by Hilton in La Quinta, California. The deal was led by Scott E. Monasch, Principal and Board Member of Slatt Capital.
The 146-key hospitality asset sits in the heart of the Coachella Valley, a thriving tourist destination attracting both business and leisure travelers. The refinancing was secured through a Slatt Capital relationship lender and features a 10-year term with a 25-year amortization schedule. The loan includes a five-year fixed rate with a reset in the low 6% range, along with a step-down prepayment penalty and a cash-out component.
“This refinance for the Embassy Suites in La Quinta underscores the continued strength of the hospitality market in Southern California and our ability to secure favorable financing for well-positioned assets,” said Monasch. “Working with a trusted lender source allowed us to achieve an extremely competitive and very positive outcome of terms and structure for our client.”
The refinancing allows the property owner to optimize the capital structure and invest in further enhancing the value of this high-performing asset.
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