BELLEVUE, Wash., March 30, 2017 – 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 Inn at Northrup Station, a one of a kind boutique hotel located along Portland’s celebrated streetcar line.
The total loan amount was approximately $9,200,000.
“The Inn at Northrup Station came to us to get help reducing their operating expenses so they could focus their attention on serving guests at this extraordinary property. We were able to structure a loan that met their objectives allowing them to do what they do best – deliver a unique hotel experience that truly embodies the spirit of Portland,” said Greg Morris, Managing Director of Premier Capital Associates.
Jeff McKee, Managing Director at Premier Capital Associates says “Underscored by the recent Federal Reserve rate increase, we expect rates to continue their gradual upward movement. While rates remain at record lows, financial markets continue to tighten. Hoteliers considering refinancing, acquisition or development, will be best served by acting sooner versus later.”
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.