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Another Successful Hotel Refinance |
DANA POINT, CA: December, 2007 � Chris A. Chiotis, Principal of Pacifica Capital & Brokerage, Inc. is pleased to announce his firm arranged first mortgage financing for the refinance of the 168-room Ramada University located in Fresno, California. Pacifica arranged the fixed rate deal (which included significant cash-out and an interest rate below 7.0 percent) through a Southern California based bank. �Pacifica�s well targeted and highly effective �auction-style� bidding process, allowed us to achieve the rate and terms we wanted and also provide us with cash-out� according to Mike Patel, of Shaw Hospitality Group, Inc. Ramada University is well located in the heart of Fresno�s business and shopping districts, proximate to Fresno State University, Fresno City College and Fresno Yosemite International Airport. About Pacifica Capital & Brokerage, Inc. � Dana Point, CA-based Pacifica is a boutique commercial real estate brokerage firm with focused experience in hospitality real estate. With a national reach and an emphasis in hospitality financing, Pacifica maintains solid relationships with the industry�s most active and aggressive capital sources. Pacifica�s depth of knowledge, coupled with its strong relationships allows them to strategically target capital sources that best fit their client�s needs, yielding the most competitive rate and terms available in the market. |
Chris A. Chiotis
www.pacificacb.com |
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