SBA 504 refinancing revival?

SBA 504 refinancing revival?

- Asian Hospitality Judy Maxwell (Assistant Editor)

Hotel industry still lagging, better access to capital critically needed boost, say experts…

Wednesday, July 17, 2013 – DESPITE ALL THE POSITIVE economic news and metrics generated by the US hotel industry, many hotel owners are still treading water as their property values have barely improved in the past few years and remain unattractive for lenders playing the field for hotter hotel prospects.

 “The money is only there for $100m REITS, Wall Street and private equity,” says Nitin Shah, an hotelier and chairman and CEO of Embassy National Bank in Atlanta, a southeast regional operation and a major lender of commercial mortgage loans backed by the Small Business Administration (SBA).

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Lenders, Investors Get Hungry for Hotels as Sector Benefits from Healthy Demand Rates

Lenders, Investors Get Hungry for Hotels as Sector Benefits from Healthy Demand Rates

By: Elaine Misonzhnik for NREI

The U.S. hospitality sector has, until recently, lagged other commercial property types in the recovery from the downturn. Lenders and investors worried about the sector’s close relationship to the overall health of the economy as GDP growth stalled in the low single digits. Yet hotels are coming back in vogue as demand is spiking up just as supply growth has plummeted to a record low in 2012, according to panelists and attendees of New York University’s 35th International Hospitality Industry Investment Conference, which took place in New York City on June 2 through June 4.

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Financing Arranged for Midwest Hotel Portfolio

Financing Arranged for Midwest Hotel Portfolio

Premier Capital Associates, LLC has arranged financing in the amount of $13,200,000.  This enabled the client to refinance existing debt in the amount of $7.6MM, with the balance of financing used to acquire an additional hotel property.  Collateral for the loan included the Holiday Inn Express, Devils Lake, ND, Country Inn & Suites, Effingham, IL, and Holiday Inn Express, Chanhassen, MN.

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Recapitalization of Marriott Portfolio

Recapitalization of Marriott Portfolio

Premier Capital Associates, LLC has arranged a $30,000,000 recapitalization of a Marriott Hotel portfolio in Texas.



The recapitalization allowed the hotelier to access equity trapped in the portfolio which allows for greater operational flexibility across the portfolio.  The hotel owner was able to take advantage of the current low interest rates available for financing.  Specific terms and conditions are not disclosed. 



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