New York, NY — August 26, 2024 — Lument, a national leader in commercial real estate finance, and CooperWynn Capital, experts in debt and equity capital markets with a focus on lodging and hospitality, have announced they collaborated on the refinancing of a six-property portfolio of Marriott & Hilton Select Service hotels on behalf of Chandler Real Estate. The portfolio, totaling 685 rooms, consists of properties in Georgia, Indiana, and Kentucky.
The transaction provides longer-term, fixed-rate financing, and optimized ongoing debt service obligations.
“In today’s rapidly changing capital markets environment, we were pleased to find a solution that met Chandler’s objectives,” Stan Kozlowski of CooperWynn Capital said.
“We found a lender offering capital at a very competitive cost and structure,” Lument Senior Managing Director Ryan Duling added. “This translated into five-year, fixed-rate CMBS financing for these high-quality, well-performing assets.”
About Lument
Lument, a subsidiary of ORIX Corporation USA, is a national leader in commercial real estate finance and delivers a comprehensive set of capital solutions customized for investors in multifamily, affordable housing, and seniors housing and healthcare real estate. Lument offers Fannie Mae, Freddie Mac, FHA, USDA, and balance sheet financing, as well as a full suite of capital market lending products. In addition, Lument provides a suite of real estate advisory solutions including real estate investment sales, investment banking, and investment management solutions. The company has approximately 600 employees in over 30 offices across the United States.
Securities, investment banking, and advisory services are provided through Lument Securities, LLC, member FINRA/SIPC. Lument Investment Management, LLC, is registered as an investment adviser with the U.S. Securities and Exchange Commission. For more information, visit https://www.lument.com/.
About CooperWynn Capital:
CooperWynn was formed in 2012 and is led by two senior principals, Stan Kozlowski and Marc Sallette, who have completed nearly $3.0 billion in various hospitality-specific transactions as well as over 100 investment underwriting and strategic advisory assignments. CooperWynn provides comprehensive expertise in the debt and equity capital markets as well as in the acquisition and ownership of lodging products. CooperWynn believes that only by maximizing revenues and controlling flow through to the bottom line can valuations be maximized – they use this approach with all their clients. For more information please visit www.cooperwynncapital.com.
