AUSTIN--Berkadia recently originated $17.5 million in financing for the Holiday Inn Austin Midtown, a hotel centrally located in Austin.
Senior managing director Stuart Wernick and senior director Eli Gershenson of the Dallas office secured the financing with a senior and mezzanine structure.
The borrower, a partnership of Alliance Development and Compass Lodging Advisors, used the five-year, fixed-rate financing towards acquiring the recently renovated full-service hotel.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
