ATLANTA, Georgia—Access Point Financial (APF) has arranged a $18.5 million acquisition loan for the Hampton Inn & Suites St. Augustine-Vilano Beach, located in St. Augustine, Florida. APF stepped in after another lender backed out and helped the sponsor, Innisfree Hotels, close in less than three weeks as Hurricane Idalia was making landfall and headed towards St. Augustine, Florida. “This was a time-sensitive deal since our previous lender, a credit union, had backed out, leaving us […]

The post APF Arranges Acquisition Loan for Hampton Inn & Suites St. Augustine-Vilano Beach appeared first on LODGING Magazine.

This post was originally published on this site