Transaction Overview
George Smith Partners negotiated the refinance of an 88 unit Hampton Inn initially arranged by GSP four years ago. Our Sponsor sought to consolidate the first and second trust deeds, but preferred to maintain the existing senior banking relationship. GSP was retained to survey market rates to support the credit committee memorandum that resulted in a significantly reduced interest rate to current market terms. This modified financing closed within two weeks of engagement. Loan terms are confidential.
