Santa Monica, California – May 9, 2012 – Vista Capital Company announced that it recently arranged and closed $22,000,000 of financing for two select-service beachfront hotels located in Ocean City, Maryland.
The financing was funded by an affiliate of a European-based investment bank. The loan was competitively bid by several lenders, who were drawn to the stable market, the strong sponsorship, and the beachfront location. The closing of this financing by Vista Capital Company affirms their expertise in closing hotel transactions in all locations, of every brand, and in any liquidity environment.
Vista Capital was able to negotiate incredibly favorable, non-recourse, fixed-rate financing with pricing of approximately 5%, while also enabling the borrower to re-capitalize equity. “The sponsor was able accomplish a number of essential goals in this transaction,” said Zak Selbert, the founding principal at Vista Capital Company. Despite the habitually shifting real estate capital markets, their fast-changing underwriting standards, and the oscillating allocation needs of each financing source, Selbert added, “The borrower benefited from Vista’s innovative capital sources and enduring lender relationships.”
About Vista Capital Company
Vista Capital Company is a boutique, Los Angeles-based, real estate investment banking firm that specializes in arranging financing for commercial property nationwide. As a real estate capital intermediary, Vista procures tailored capital solutions for their clients through a comprehensive platform of services. Vista ensures that its clients are capable of seizing opportune advantage based upon accurate and smartly synthesized real-time intelligence of available capital.