CASE STUDY: Hospitality CMBS Loan Assumption
Property Type: Hospitality
Current Loan Balance: $34MM
Resolution: Successful CMBS Loan Assumption
Days to Approval: 127
Date Completed: July 24, 2019
Buyer required a complicated borrowing structure that involved many entities, and various loan modifications were completed simultaneously increasing the difficulty of the transaction. This transaction also required rating agency approvals due to size.