Avatar Financial Group LLC has provided a $6.45-million bridge loan to finance the acquisition of Hotel Providence, an 80-room boutique hotel in Downtown Providence, RI. The two-year, first-lien loan was originated at 63% loan-to-value. The hotel has operated without a brand affiliation since its Wyndham flag was discontinued in early 2025, and the prior owner did ...
The post Avatar Bridge Loan Finances Acquisition of Historic Providence Hotel appeared first on Connect CRE .
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