Recapitalization
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.
Posted in Debt Financing