Texas is proving to be a tighter and a more saturated market when it comes to conventional or SBA 504 loans. Many banks and SBA CDCs are at maximum capacity with hotels. Although SBA 7a is sometimes applicable to projects like this one where the loan is up to $5 million, the high cost/rate of SBA 7a loans is unattractive to many hoteliers. With our usual diligence in finding the most optimal option for our clients, we successfully arranged a $4.35 million conventional loan for the purchase of the Extended Stay America in Corpus Christi, Texas. The loan was structured at 75% loan-to-value with a 25-year amortization with attractive rate and terms.