This was a CMBS purchase loan used for the acquisition of a Holiday Inn Express.  The challenge on this deal was we had a non U.S. citizen (Canadian Citizen) purchasing the property.  Our CMBS lenders are perfectly fine with working with foreign nationals as long as the country of origin of the primary principal is from a western country.  We were able to secure a strong CMBS lender, obtain the buyer and excellent interest rate and also close the loan in 41 days!

Client Comments:

“I worked with HBC on a recent difficult transaction. HBC was able to help us navigate the challenging financing process, which included a shorter term on the franchise and price reduction. HBC was professional and quick throughout the entire process. I would recommend HBC to anyone looking for assistance in securing hotel financing.”

Eric Guerrero, Vice President, CBRE Hotels