Tempe Westin

Dec 28, 2017

Tempe Westin

$4.8M Land Loan

36,900 SF hotel development site

Tempe, AZ

HRC arranged an 18-month, $4,800,000 land loan for a hotel development site in Tempe. The financing was provided by a private lender at a rate in the low double digits. The current business plan contemplates the development of a 290-room hotel adjacent to Arizona State University.

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