Ben Weprin Of AJ Capital Partners Secures $52 Million Refinance Loan For Graduate Hotel Princeton

The transaction involves a hotel asset, specifically the 180-room Graduate by Hilton Princeton located at 10 Chambers Street in Princeton, NJ. The property received a loan amount of $52 million as part of a refinancing effort, featuring a three-year term and two 12-month extension options.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $52,000,000
• Lender: GreenOak
• Landlord: Ben Weprin - AJ Capital Partners
• Broker Representatives: Tom Rugg, Tom Traynor & Henry Fenmore - CBRE
• Loan Type: Refinance
• Loan Terms: three-year term and two 12-month extension options
• Address: 10 Chambers Street
• Market: Princeton, NJ

The deal involved key players such as Ben Weprin, representing AJ Capital Partners, who facilitated the securing of the financing. The refinancing was arranged by the brokerage team of Tom Rugg, Tom Traynor, and Henry Fenmore from CBRE, who played a crucial role in navigating the transaction. Their expertise was essential in obtaining favorable financing terms for the property directly across from Princeton University.