Printer-friendly version MIAMI, FL - January 16, 2014 – HFF announced today that 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.
“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. 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.