BELLEVUE, Wash., March 8, 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 a refinance of the Quality Inn and Suites located in Greenfield, IN.
The total loan amount was approximately $9,500,000.
“With current market conditions, many hoteliers are realizing that they have equity in their properties that isn’t being maximized.” said Greg Morris, Managing Director of Premier Capital Associates. “To access this trapped equity, we are getting creative with the way loans are structured.”
Jeff McKee, Managing Director at Premier Capital Associates says “This is still a great time to refinance. We are able to help hoteliers we are working with realize a lower cost of capital after their properties are refinanced at today’s rates. This is a trend we expect to see continuing 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.