Scientific Capital arranges $6.63 million for the refinancing of the Wingate by Wyndham. Many hotel owners took advantage of the SBA 7(a) when the rates were lower. Some hoteliers like the owners of this Wingate enjoyed Pari Passu feature allowing them to exceed the $5 million SBA limit to $6.63 million loan. However, with the PRIME index soaring from 3.25% in 2020 to 8.5% in May 2023, the hoteliers were overwhelmed making payments on SBA 7(a) loans with adjustable rate that had risen by 5.25% in merely 3 years. In this case the debt Service of a $6.5MM SBA (7a) Pari Passu loan increased by a whopping $23,000 per month. Scientific Capital refinanced this Pari Passu loan to a conventional loan at 70% Loan to Value at a very competitive rate of low 6% on a 25 year amortization resulting in a significant saving.