Premier Capital Associates Secures Refinance for Quality Inn and Suites in Sequim, WA
Premier Capital Associates, LLC, a national, full-service real estate investment company specializing in debt and advisory services for hospitality real estate, announced today that they secured refinancing for the Quality Inn and Suites at Olympic National Park in Sequim, WA.
The total loan amount was approximately $4,600,000.
"Giving our clients the financial agility that comes from making use of available equity is the most rewarding part of our relationships. For the Quality Inn and Suites at in Sequim, that meant working closely with our funding sources to get the property the cash they wanted quickly and easily," said Greg Morris, Managing Director of Premier Capital Associates.
Jeff McKee, Managing Director at Premier Capital Associates adds, "Competition among lenders is strong in the face of record low borrower demand and the steady availability of funds in the market. The result is lenders willing to sacrifice some of their profit margin by absorbing slight upward fluctuation in rates in an attempt to win business. Taking advantage of competition in the market could prove favorable for hoteliers considering development or property improvement, but the time to act is now."
Premier Capital Associates, LLC, located in Bellevue, Washington, is a national, full-service real estate investment company specializing in debt finance and advisory services for hospitality and other income-producing commercial real estate, with well-established national relationships. The principals bring over 35 years of commercial real estate finance experience arranging debt for construction loans, acquisition, refinancing, and reposition financing. For additional information, please contact either Jeff McKee at 425-957-0600 or Greg Morris at 425-957-0700. Or, visit the company"s Web site: www.premiercapitalassoc.com.
