Warmbrodt (WHI) Places First Mortgage Debt Facility
Negotiates Discounted Payoff of Existing Loan
KANSAS CITY, MO, June 22, 2009 - Warmbrodt Hotel Investments, Inc. ("WHI") announced today it advised in the placement of a $16,500,000 loan on behalf of a Kansas City based owner. The loan was placed with a large regional bank and is secured by seven (7) limited service properties located in the metropolitan areas of Denver, Kansas City and Omaha.
In conjunction with the new loan placement, WHI represented the Owner in negotiating a substantial discounted payoff with the existing lender of the portfolio. Herb Warmbrodt, President of WHI said "This transaction required precise and accurate knowledge of market conditions nationally, regionally and locally to not only place the new loan facility, but to communicate those market conditions to the Special Servicer in a manner to justify the discounted payoff of the existing debt. While many other advisory firms are reinstating their special asset groups, WHI is finalizing transactions that benefit all parties involved."
WHI is a Kansas City based, hotel real estate firm that specializes in the disposition, acquisition, financing and debt restructuring of hospitality related assets throughout the United States. Contact us directly at (913) 381-3737 or visit our website at www.whikc.com to learn more about how our years of experience and specialized services can help meet your business goals.
For more information please contact Herb Warmbrodt at (913) 381-3737 herb@whikc.com or Zane Varvel at zane@whikc.com.
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