Regency Capital Partners Arranges $10.36MM financing for the Best Western Plus Coyote Point

Coyote PointSan Francisco, CA. — Regency Capital Partners (“RCP”) has arranged a $10.36 million, 70% loan-to-value, non-recourse loan to refinance the Best Western Plus Coyote Point (“Property”), a 99-room, limited service hotel located just south of San Francisco International Airport in San Mateo, California. The loan was placed with Cantor Fitzgerald Commercial Real Estate. Ramsey Daya and Chris Moritz led the financing team on behalf of the borrower.

RCP was engaged to provide cash-out financing to retire a loan in maturity default and provide the borrower with a much needed liquidity reserve.  In spite of the challenges of a low debt yield and absence of a long-term franchise agreement, RCP was able to obtain multiple proposals, creating a competitive market, securing a fixed-rate loan with favorable economic terms.

“Cantor Fitzgerald clearly demonstrated an understanding of the unique aspects of the Property’s flag and market while providing extremely competitive economic terms,” said Mr. Moritz. “Furthermore, they worked efficiently to close the loan in less than 30 days despite July’s tumultuous CMBS market.”

About Regency Capital Partners
Regency Capital Partners (RCP) is one of the premier real estate capital advisory firms specializing in arranging debt and equity for a wide spectrum of clients, from regional investors and developers to some of the largest public and private real estate companies throughout the country. The firm is recognized in the industry for its integrity, creativity and determined advocacy on behalf of its clients. RCP’s unparalleled commitment to the implementation of its clients financing objectives distinguishes it within the financing industry. During their tenure, the principals of Regency Capital Partners have closed over $5 billion of debt and equity transactions throughout the United States.

West Coast Commercial Real Estate News