- 5 pictures
- 26. Sep 2019
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.
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