Bridge Loan

Schelin Downes & Co

The Oviatt SRO Hotel
Los Angeles, CA
117 Keys

Principals of Schelin Uldricks & Co. secured a 5-year cash out bridge loan for an SRO hotel next to Staples Center in downtown Los Angeles. The funding enabled the ownership group to pay back taxes, settle a partnership dispute, and continue the planning process to convert the property into a boutique hotel.

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