For Auction
Asset Snapshot
Investment Highlights
Offering Summary
Berkadia, in partnership with RealINSIGHT Marketplace, is pleased to present 121 Merwin Way, a non-performing, SBA-associated loan originated by US Metro Bank and secured by the 65-room Country Inn & Suites by Radisson in Fond du Lac, Wisconsin. The collateral is a three-story, upper-midscale, limited-service hotel on approximately 3.03 acres near the Interstate 41 interchange, with visibility and access to U.S. Highways 51 and 151. The hotel has historically posted a 129% RevPAR penetration, indicating above-market performance relative to its competitive set, supported by its recognized brand affiliation, convenient highway access, and proximity to area employment drivers. The surrounding area features a concentration of manufacturing, distribution, and trucking-related activity, and there are no hotels in the pipeline, including any proposed, planned, or under-construction projects. Property tours will not be available, as this is a note sale transaction.
Due Diligence
Location
Country Inn & Suites sits at 121 Merwin Way in Fond du Lac, Wisconsin, near the Interstate 41 interchange with strong visibility and access to U.S. Highways 51 and 151. The surrounding commercial and industrial corridor includes a concentration of manufacturing, distribution, and trucking activity, giving the hotel convenient highway access to key area employment drivers.
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Buyer pays a minimum platform fee of 5% or $25,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
