Memphis Holiday Inn Recapitalization


Memphis, TN

  • Loan Type: Recapitalization Financing
  • Property: Full service hotel with 256 rooms and 25,000 square feet of meeting and banquet space.
  • Scenario: Trevian's loan was used to pay off matured and defaulted first and second mortgages and to pay off various additional liens and obligations that resulted from a required PIP taking longer to complete and costing more than anticipated.
  • Result: Trevian lends on recently renovated assets that need to be seasoned prior to being refinanced via local bank, agency, CMBS or other conventional sources.