Bridge Financing

in

Troy, MI

$54,500,000
Bridge loan in Troy, MI
January 6, 2021
Overview

The $48.5 million bridge loan and $6.0 million mezzanine loan were used to fund the acquisition of the Detroit Marriott Troy, including 345 completely refreshed Marriott Hotel rooms and 5 spacious suites, located in Troy, Michigan.

During the course of marketing and due diligence, the global lending environment was consistently changing. The Federal Reserve raised rates by 25 Basis Points for the first time since 2006, the oil market took a sharp turn and the global currency markets were in flux.

Execution Team

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