CHICAGO and SAN JOSE—Black Bear Capital Partners (BBCP), a subsidiary of Black Bear Asset Management, announced that it has arranged $27.5 million in hotel financing, which includes the acquisition of a corporate-owned Motel 6 hotel in San Jose, California. Black Bear Capital Partner’s Senior Managing Director Suraj Desai arranged both components of the financing package. The recent transaction includes a one-year, $23.1 million floating-rate, non-recourse loan, with full-term interest-only payments, which represents a 75 percent […]

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