Transactions

Published Monday, October 01, 2007

Capmark Finance Permanent refinancing of the Fairfield Inn & Suites Orlando I-Cove, a 200-unit, limited-service hotel, was secured through Capmark Finance. The $10-million, fixed-rate loan to Canada Avenue Hotel Associates originated with Chris Clark of Capmark. Clark also was originator of a $16-million fixed-rate loan under the same conditions to East Rutherford Lodging. That money will permanently refinance the 133-room Residence Inn East Rutherford, NJ. Capmark also funded $28 million in floating-rate, interim financing for acquisition and renovation of the 236-unit Embassy Suites Denver Tech Center. The money is going to RT Costilla Associates, an affiliate of AVR ...

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Lodging Hospitality

Transactions

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