BELLEVUE, Wash., August 25, 2016 – Premier Capital Associates, LLC, a national, full-service real estate investment company specializing in debt and advisory services for hospitality real estate, announced today that they arranged refinancing for the Ramada in Zephyrhills, Florida.
The total loan amount was approximately $3,000,000.
- “This was an interesting deal to work on.” commented Jeff McKee, Managing Director of Premier Capital Associates. “The goal was to facilitate a partner buy out while accessing funds to complete a PIP and reposition the property for a new flag.”
Greg Morris, Managing Director at Premier Capital Associates said “The timing of the buyout worked well for the acquiring partner. This is still a great time to refinance, as many of our clients are realizing a lower cost of capital after refinancing their properties at today’s low rates. This is a trend we expect to continue in 2016.”
Premier Capital Associates, LLC, located in Bellevue, Washington, is a national, full-service real estate investment company specializing in debt finance and advisory services for hospitality and other income-producing commercial real estate, with well-established national relationships. The principals bring over 35 years of commercial real estate finance experience arranging debt for construction loans, acquisition, refinancing, and reposition financing. For additional information, please contact either Jeff McKee at 425-957-0600 or Greg Morris at 425-957-0700. Or, visit the company’s Web site: www.premiercapitalassoc.com.