CASE STUDY: Hospitality CMBS Loan Assumption

Property Type: Hospitality

State: Tennessee

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.