Kevin Wong Of Quantum Capital Partners Secures $20.5M Refinance For Hilton Brand Hotel In Marina

This transaction involves a hotel asset located in the Marina market, consisting of 90 keys and operated under a Hilton brand. The hotel, built in 2022, has transitioned from construction debt to permanent financing, allowing the owner to lower the interest rate while locking in a long-term loan structure.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $20,500,000
• Loan Type: Refinance
• Loan Terms: 5 Year CMT + 2.25%, Start Rate: 5.94%, 5 year term, 3-2-1 Prepay
• Broker: Kevin Wong - Quantum Capital Partners

Kevin Wong from Quantum Capital Partners represented the refinance deal, facilitating the transition to more favorable loan terms in light of current market conditions.