$4.6 Million Loan Request for the
Refinance of the
Comfort Inn & Suites of Sayre, PA
Terms and Conditions
You are given access to this loan proposal memorandum because Scientific Capital has determined that you (LENDER) have indicated that you have interest in reviewing this loan request and the lending capacity in offering this loan. The information provided in this memorandum is confidential and may only be shared with LENDER’s internal staff and should not be shared with other lenders, brokers, vendors, and third parties unless authorized by Scientific Capital. LENDER is not authorized to pull credit from the borrowers unless the borrowers have signed LENDER’s authorization form.
This memorandum is prepared by Ramin Mostaan and any questions or comments should be directed to him at the following contact information:
Ramin Mostaan
Scientific Capital
949 477 5000 (Office)
949 302 8300 (Cell)
ramin@scicap.com
Transaction Overview
Purpose
Refinance the existing mortgage on the 85-room Comfort Inn & Suites.
Project Strength
- First
- Second
- Third
- Fourth
- Fifth
Project Challenges
- First
- Second
- Third
- Fourth
- Fifth
Proposed Financing Structure
Proposed Collaterals
- First Deed of Trust on the subject property and first lien on the security interest
- Additional collateral pledged by the borrower: NONE
- Additional guarantee pledged by the borrower’s affiliates: NONE
Sources of Repayment
- Primary source of repayment: The rent paid by occupants of the subject hotel
- Secondary source of repayment: Borrower’s personal excess cashflow and liquid assets
- Tertiary source of repayment: Liquidation of the property anticipated to be a 75% loan to appraised value
- Final source of repayment: Enforcement of guarantee
Hotel's Financials and Information
Specifications
- Address: 2160 Elmira St Sayre, PA 18840
- Rooms: 85
- Corridor: Interior
- Number of buildings: 1
- Number of floors: 3
- Building square feet: 49,194 square feet
- Site size: 87,120 square feet (2.00 Acres)
Location
Photos
Demand Generators and Customer Segmentation
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Guthrie Robert Packer Hospital & Guthrie Clinic: Headquartered 1.5 miles away, drives medical transient and traveling nurse demand.
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Tioga Downs Casino Resort: Located 8 miles away in Nichols, NY, drives weekend leisure and concert overflow.
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Cargill Meat Solutions & Rynone Manufacturing: Major local employers driving corporate sales and vendor stays.
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Williams Companies & Chesapeake Energy: Natural gas operators driving mid-week crew and technician room blocks.
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Jeld-Wen & Leprino Foods: Nearby industrial hubs driving regional logistics and corporate travel.
Historical Cashflow
STAR reports
Borrower Financials and Background
Borrowing Entity Structure
The borrowing entity is DH Holding LLC, which is owned as follows:
- Hitesh – 50% ownership: Guarantor
- Rosha – 50% ownership: Guarantor
Guarantor Financials
Hitesh (50%)
Financials will be updated shortly
Rosha (50%)
