Comfort Inn Taps 504 Refi Program to Reduce Monthly Mortgage Payment and Secure Lower, Long-Term Fixed Interest Rate

Capital Access Group (, a commercial real estate lender specializing in U.S. Small Business Administration 504 loans for growing businesses, recently helped Comfort Inn Red Bluff to obtain $3,690,000 in financing through the SBA’s 504 Refinance Program, which provides borrowers with the cash they need to pay off existing, high-interest debt. The loan will lock in a low, 20-year, fixed interest rate with reduced monthly loan payments, which will help the owners to preserve working capital to invest back into the business.

Comfort Inn Red Bluff is a three-story, 67-room hotel centrally located at 90 Sale Lane, Red Bluff, CA, close to the Sacramento River. The Inn is a gateway to recreational activities in Northern California, and features spacious rooms, balconies, friendly staff, and excellent customer service.

“We have a great property with the largest rooms in Red Bluff,” said Surat (DJ) Deol, co-owner, Comfort Inn Red Bluff. “Our rooms are clean, the customer service is outstanding, and we receive excellent reviews from our guests.”

Comfort Inn Red Bluff’s management team wanted to refinance their debt, because they were “facing a huge balloon payment” with their existing commercial mortgage,” according to DJ.

“The SBA 504 Refinance Program allowed us to reduce our monthly payments, and we now have a lower interest rate and a fixed payment for the 20-year term of the loan,” said DJ. “Now, we’re set, and after 20 years, we’ll have everything paid off.”

“The SBA’s refinance program doesn’t get the attention it deserves,” said Claudia Cohen, Senior Vice President, Capital Access Group. “The program allows businesses like Comfort Inn Red Bluff to refinance high-cost commercial real estate debt to obtain affordable, low-interest loans to refinance existing debt. The program can be used for hotels, office buildings, warehouses, and other commercial property. More small businesses should take advantage of this unique program.”

“My hat’s off to Capital Access Group for their amazing work,” said DJ. “They were on top of everything, and they worked closely with us to make sure we met our deadlines and got all of the paperwork in on time. They did a great job.”