Atlanta, GA $36,000,000 Flag Transition Hospitality Refinance

Knighthead provided a $36,000,000 loan to be used toward the refinance of a hotel built in 2017, which is currently undergoing a flag transition. The 214 key, 170,000 sq. ft. property was underwritten at approximately 59%  of “as-is” value.  The loan was closed in 25 days from receipt of executed term sheet.