Bremerton Quality Inn & Suites

Deal: Bremerton Quality Inn & Suites

Location: Bremerton, WA

Collateral: 103-room, exterior corridor hotel built in 1962.

Amount: $3,950,000

Type: Perm-Fixed

Purpose: The purpose of this loan was to finance the acquisition of the Quality Inn & Suites located in Bremerton, WA. The Client’s primary goal was to borrower on a non-recourse basis. The CMBS lender we found provided this and also accommodated the impending PIP which was required by the franchise due to the change in ownership.