$6.26 Million Loan Request for the
Refinance of the
Wyndham Garden of Williamsburg , VA
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
To refinance the current SBA 7a Pari-Passu loan of the Wyndham Garden of Williamsburg, Virginia, a 195-room 8 story building built in 1986 in order to benefit from the savings in the interest rate and the payment for much better cashflow. The hotel was acquired on November 1, 2023 at $6.4 million real estate and $625K of personal property for the total of $7,025,000 with a loan of $5 million SBA 7a and $980,330 Pari Passu note from G Bank, a national SBA 7a lender.
Project Strength
- The hotel PIP is completed and hence there are no further renovations
- Cashflow that suffered during the renovation period is coming back strong and each month in 2026, the T12 looks stronger
- The owners are hands on and Harsh Patel, the managing member is the on-site operator
Project Challenges
- With the significant renovations, the revenue dropped in 2024 and 2025, the renovations were completed just recently in 2026
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: 201 Water Country Pky Williamsburg, VA 23185
- Rooms: 195
- Corridor: Interior
- Number of buildings: 1
- Number of floors: 8
- Building square feet: 78,483
- Lot size: 6 acres
- Year built: 1986 Construction: A-Structural Steel
Location
Photos
Demand Generators and Customer Segmentation
Water Country USA (0.4 mi): Summer waterpark visitors.
Busch Gardens (2.9 mi): Seasonal theme park crowds (Howl-O-Scream, Christmas Town).
Historic Triangle (5–8 mi): Colonial Williamsburg, Jamestowne, Yorktown tourists.
William & Mary (6 mi): Students, families, athletic events, graduation.
Corporate & Military: Anheuser-Busch, BASF, NWS Yorktown per-diem business.
Historical Cashflow
As indicated below the renovations started in January 2024 and completed in xxx 202xxx. The extended renovations pushed the revenue down but in 2026, after the renovations, the revenue is coming back up leading te
STAR reports
Borrower Financials and Background
Borrowing Entity Structure
The hotel is vested under an LLC with the following ownerships:
- Harsh: 30%, managing member, and guarantor
- Jigar: 25%, member, and a guarantor
- Paumil: 17.5%, member
- Deep: 5%, member
- Hitesh: 12.5%, member
- Deepak: 10%, member
