Smith Hill Capital And Bain Capital Provide $111M Loan For Hotel Portfolio

The $111 million first mortgage loan was secured by a portfolio of four hotel properties, including the Marriott Bridgewater, W Atlanta Downtown, Embassy Suites Walnut Creek, and Embassy Suites Flagstaff. These properties are located at 700 Commons Way, 45 Ivan Allen Jr Boulevard, 706 South Milton Road, and 1345 Treat Boulevard, spread across Bridgewater, NJ; Atlanta, GA; Flagstaff, AZ; and Walnut Creek, CA, respectively.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $111,000,000
• Lender: Brendan McCormick - Smith Hill Capital; Bain Capital
• Broker: JLL Hotels & Hospitality

Smith Hill Capital and Bain Capital orchestrated the $111 million loan for the four hotel properties. Brendan McCormick, Managing Principal of Smith Hill Capital, affirmed that the joint venture between the two capital firms successfully addressed the financing requirements of these thriving market properties, showcasing their expertise in the financial landscape.