Slatt Capital has arranged $12.06 million in acquisition financing for a two-property, 200-room hospitality portfolio in Rohnert Park, Calif.
The portfolio includes the Budget Inn and Rodeway Inn, both built in 1984. Located along a Northern California travel corridor, the properties benefit from regional drive-to demand and established market visibility, according to the Burlingame, Calif.-based commercial banking firm.
The financing structure is expected to support planned property improvements and operational repositioning efforts aimed at increasing occupancy and revenue performance. Commercial Bank of California provided the full-recourse permanent debt financing.
Daniel Yeghiazarian of Slatt Capital led the transaction, which was structured through an SBA 504 financing program using a projection-based cash flow underwriting approach. The structure allowed underwriting to be based on projected operating performance rather than solely historical financials.
“The SBA 504 program was the ideal vehicle for this acquisition,” said Yeghiazarian. “By utilizing projection-based cash flow underwriting, we were able to present the lender with a compelling forward view of the portfolio’s performance rather than being constrained by trailing figures.”
In 2025, Slatt Capital closed 304 transactions totaling $1.42 billion, representing increases in both transaction count and overall volume compared to the previous year. Beyond California, Slatt Capital said its recent financing activity has included hospitality and commercial properties across Colorado, Texas and several other states.