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Hotel to Multifamily Conversion

Atlantic City, NJ

Loan Amount

$4,950,000

Deal Description

The borrower is an exsiting client of the firm in which Kay Finance has funded several hotel conversion deals previously.


This particuliar execution offered the client maximum flexibility to be able to properly execute on their conversion startegy and most notably the loan was closed in 30 days!


Property Location

Atlantic City, NJ

 Quick Stats 
Partner Type

Debt Fund

Program Type

Acquisition Loan

Program details

70% LTV
18 month term
interest only
Non-Recourse
Under 30 day close

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