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6/02/26
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Slatt Capital arranged $12.06 mil in acquisition financing for a two-property, 200-unit hospitality portfolio in Rohnert Park, CA. The portfolio consists of the Budget Inn and the Rodeway Inn, both established hospitality assets built in 1984. The full-recourse permanent debt financing was provided by Commercial Bank of California.
The Rohnert Park portfolio benefits from its location along a well-traveled Northern California corridor, providing stable demand drivers for both properties. Commercial Bank of California’s willingness to underwrite to projected cash flows reflects confidence in the sponsorship’s operational expertise and the portfolio’s repositioning potential. With the lower blended rate now in place, the ownership is positioned to reinvest in the assets and execute on planned improvements to drive occupancy and revenue growth.
Slatt Capital’s Daniel Yeghiazarian led the transaction. The financing was structured as an SBA 504 execution utilizing a projection-based cash flow underwriting approach, a structure that enabled the acquisition to move forward by leveraging the portfolio’s forward-looking income potential rather than solely its historical performance.
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