Get entry to Level Financial Closes Investment in Lodge Portfolio Refinance
ATLANTA, Georgia—Get entry to Level Financial announced the a hit closing of a $133.1 million funding in Goldman Sachs’ most up-to-date $985 million hotel portfolio refinance. Goldman Sachs arranged the transaction for Atrium Holdings, which is in a location to utilize the proceeds to refinance a 24-property hotel portfolio. APF got the capital stack’s three bond tranches (HRR, G, & F) totaling $133.1 million.
“This transaction underscores APF’s trouble as a ingenious and aggressive capital provider in hospitality. Our skill to compose these tranches in Goldman Sachs’ complex refinancing of the form of most important hotel portfolio speaks to our strategic methodology and how APF’s early participation facilitates and improves the execution of these forms of financings,” acknowledged Michael I. Lipson, CEO, Get entry to Level Financial. “We pleasure ourselves on finding progressive solutions in a anxious market and are ready to circulate decisively when opportunities arise. By leveraging our deep substitute expertise and flexible capital, we continue to toughen the evolving needs of leading hospitality corporations indulge in Atrium Holdings.”
The portfolio contains 24 properties across the United States, the majority of that are branded as Embassy Suites by Hilton.
