Premier Capital Associates, LLC arranged a permanent loan in the amount of $7,000,000 for the 124-unit, Best Western PLUS Hotel located at 401 8th Street SW, Auburn, Washington.
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.
Premier Capital Associates is a national, full-service real estate investment banking company specializing in debt finance for hospitality and other income producing commercial real estate. The principals bring over 35 years of commercial real estate finance experience to work for you.