Wednesday, September 14, 2016

Meridian Capital Group Arranges $5.9 Million in Acquisition Financing for the Purchase of a Comfort Inn Hotel Located in Orlando, FL

Noam Kaminetzky

New York, NY,  Sept. 14, 2016, – Meridian Capital Group, America’s most active debt broker, arranged $5.9 million in acquisition financing for the purchase of a Comfort Inn hotel located in Orlando, FL.

The five-year loan, provided by a balance sheet lender, features a LIBOR-based floating rate with interest-only payments in the first year followed by a 25-year amortization schedule.

 The loan also provides the ability for the borrower to fix the rate at any time over the loan term. This transaction was negotiated by Meridian Managing Director, Noam Kaminetzky, who is based in the company’s Boca Raton, FL office. 

Meridian also recently financed a Best Western, which is situated diagonally across the street from this hotel.

The six-story Comfort Inn hotel is a 112-room, 59,725 square foot property, located at 8134 International Drive in Orlando, FL. 

The hotel is situated on a prime section of International Drive and has become a gateway to many key attractions in central Florida. This includes the Orange County Convention Center, SeaWorld and Universal Studios. The hotel is located directly across the street from the Ripley Believe it or Not museum.

“The acquisition of this underperforming asset was a natural fit for the borrower,” explained Mr. Kaminetzky. “The addition of this Comfort Inn to the client’s portfolio allowed him to leverage his knowledge of the area and utilize his local operational resources to gain economies of scale and improve performance.”

For a complete copy of the company’s news release, please contact:

Jonathan Stern
Meridian Capital Group


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