Wright Hotels Inc Secures $24 Million Refinance Loan From Prime Finance For Cedarbrook Lodge

The asset involved in this transaction is a hotel located at 18525 36th Avenue South in Seattle, WA. The property features a total of 167 keys and received a refinancing loan amounting to $24,000,000. This loan is a floating-rate mortgage that refinances a previous $27 million loan.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $24,000,000
• Market: Seattle, WA
• Lender: Prime Finance
• Landlord: Wright Hotels Inc
• Broker: Sonnenblick-Eichner Co
• Previous Loan Amount: $27,000,000
• Keys: 167

Prime Finance facilitated the refinancing deal for the Cedarbrook Lodge, which was previously arranged by Sonnenblick-Eichner Co. for the owner, Wright Hotels Inc. This transaction underscores the involvement of key players within the realm of hotel financing.