BridgeInvest Closes a $25.5 MM Refinance Loan for the Kimpton Overland ATL
1st Priority Mortgage Loan
Loan Amount
$25,500,000
Property Type
Hotel
Location
Atlanta, Georgia
BridgeInvest is excited to announce the closing of a $25.5 MM loan to refinance the Kimpton Overland ATL, a 214-key upscale hotel serving the Atlanta International Airport. The sponsor is utilizing the proceeds to takeout the current senior lender and capitalize a $7 MM renovation project to further improve performance.
Transaction Highlights:
- Upscale hotel providing direct service to the busiest airport in the world, with direct adjacency to Porsche North America’s Experience Center and corporate headquarters
- Creative structure on future PIP funding
- This will be BridgeInvest’s 14th transaction in Georgia; building upon an established market presence and proven ability to execute
