BELLEVUE, Wash., October 19, 2017 – 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.”