Posted 9/20/2012 - 4:37:03 PM
AUBURN, WA—Premier Capital Associates, LLC, arranged a permanent loan in the amount of $7 million for the 124-unit Best Western PLUS here.
The financing structure allowed the owners to take advantage of an opportunity to recapitalize the company and take advantage of historically low rates. Terms and pricing were not disclosed. The hotel is located at 401 8th St.