Premier Capital Associates, LLC has arranged a rate and term refinance in the amount of $3,170,000 for the 55-unit Best Western Hotel located at 2255 South Highway 395, Hermiston, Oregon.
Financing was arranged under a long-term, fixed rate loan which took advantage of historically low rates. This provided the borrower increased cash flow through much lower loan payments. 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.