BELLEVUE, WA—Premier Capital Associates, LLC, a national, full-service real estate investment company specializing in debt and advisory services for hospitality real estate, has arranged refinancing for the Holiday Inn Express in Pasco, WA.
The total loan amount was approximately $7,400,000.
“Given our current market conditions, many hoteliers are realizing that they have equity in their properties that isn’t being maximized,” said Jeff McKee, managing director of Premier Capital Associates. “To access this available equity, we are getting creative with the way loans are structured.”
Greg Morris, managing director at Premier Capital Associates commented, “It continues to be a great time to refinance and plan for future expansion as this developer did. We were excited to help the hotelier realize a lower cost of capital. This restructuring worked to the group’s advantage and will allow for flexible, efficient future growth.”