Deal: Sumner Holiday Inn

Location: Sumner, WA

Collateral: 112-Key Hotel

Amount: $12,050,000

Type: Refinance

Purpose: The purpose was cross collateralized with the Marysville Holiday Inn & Suites property and one of the large stakeholders needed to be bought out. We needed the lender to not only be able to finance both of the properties simultaneously but to also work with the borrowing entity in restructuring the ownership entity.