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| Elliott Throne |
MIAMI, FL – HFF announced it has secured $31.5 million in
financing for the two Palm Beach County Hampton Inn hotels.
HFF worked exclusively on behalf of the owner to arrange
senior mortgage financing totaling $31.5 million through Morgan Stanley
Mortgage Capital Holdings, Inc. in two separate transactions.
Both loans were on a 10-year, fixed-rate term with pricing
in the low five percent range.
The HFF team representing the borrower was
led by director Elliott Throne and senior managing director Mike
Kavanau, as well as real estate analyst Alexandra Lalos.
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| Mike Kavanau |
“These assets are some of the nicest Hampton Inns in the
entire chain and their uniqueness allowed them to achieve very high per key
values,” stated Throne.
“The aggressiveness of the terms offered in the
financing was a result of the quality of both the assets themselves and the
sponsorship.”
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF
Securities L.P.) are owned by HFF, Inc. (NYSE: HF).
HFF operates out of 22 offices nationwide and is a leading
provider of commercial real estate and capital markets services to the U.S.
commercial real estate industry.
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| Alexandra Lalos |
HFF together with its affiliate HFFS offer clients a fully
integrated national capital markets platform including debt placement,
investment sales, equity placement, advisory services, loan sales and
commercial loan servicing.
For more information, please visit www.hfflp.com or follow
HFF on Twitter at www.twitter.com/hff.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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