BridgeInvest Closes a $24.5 MM Acquisition Loan in Ocala, FL

BridgeInvest is excited to announce the closing of a $24.5 million acquisition loan that is senior secured by a 169-key Courtyard by Marriott and an 87-key Residence Inn by Marriott in Ocala, FL. The properties will undergo a $35k per key Property Improvement Plan.

Transaction Highlights:

• Courtyard and Residence Inn dual property acquisition
• Property improvement plan with new franchise agreements
• Tertiary market with strong demographic trends