HFF arranges a seven-figure mortgage with BankUnited for the 108-room Holiday Inn.
July 14, 2015 at 10:00 AM
1 minute read
Beyond South Florida, cities on the Gulf Coast are also winning lender confidence. The Holiday Inn Express & Suites-5th Avenue in Naples just secured first mortgage financing.
HFF worked on behalf of the borrower, Palm Holdings, to place the seven-year, floating-rate loan with BankUnited. Loan proceeds will be used to refinance existing debt and acquire additional hotels in Florida.
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