219-Room DoubleTree Suites by Hilton — Tukwila, WA & La Mirada, CA

We are pleased to announce the successful closing and funding of a $20,400,000 refinance for CHA Tukwila LLC and CHA La Mirada LLC — a cross-state transaction covering two full-service hospitality properties: a 219-room DoubleTree Suites by Hilton at 16500 Southcenter Parkway, Tukwila, WA and an additional hotel asset at 14299 Firestone Boulevard, La Mirada, CA.

The transaction closed 32 business days from letter of intent — a milestone for a multi-property, multi-jurisdiction refinance of this scale.

‍

Cross-State Execution at Scale

Refinancing a two-property hotel portfolio across two states requires more than a single closing. Each jurisdiction carries its own title, payoff, and documentation requirements — and both must be sequenced and funded in coordination.

On this transaction, early payoff cutoff windows across both properties required precise scheduling and consistent communication between the AVANA team, title, and all parties at each stage. Every condition had to be identified and addressed in sequence to keep the deal on pace.

• Cross-state portfolio structure coordinated across Washington and California jurisdictions simultaneously
• Early payoff cutoff timing managed across both properties, requiring day-by-day scheduling precision
• Multi-party coordination maintained between AVANA, title, and existing lenders throughout
• Both closings executed and funded on schedule, 32 business days from LOI

‍

What Disciplined Underwriting Makes Possible

This transaction is a direct result of what thorough underwriting from day one makes possible. When every condition is identified, documented, and addressed before closing begins, complexity becomes a matter of execution — not uncertainty.

The AVANA underwriting team structured this transaction carefully from the outset, keeping the borrower informed and on pace at every stage. When scheduling adjustments arose, the deal didn't stall — because the foundation was already in place.

32 business days from LOI to funded. That is the standard the AVANA team holds itself to on every transaction.

‍

ABOUT AVANA COMPANIES

A Member of the AVANA Companies Family

AVANA Companies is an experienced commercial real estate lender focused on hospitality, industrial, medical office, multifamily, and owner-occupied properties. With 25 years in CRE lending and more than $6.7 billion in closed loans, AVANA provides brokers and borrowers with dependable capital and experienced execution across all 50 states.

Loan programs include SBA 504, bridge, construction, and conventional term financing.