03.28 | 2018

The Net Lease Group Arranges $4.2M Financing of Hampton Inn

# News

Fultondale, AL – The Net Lease Group (NLG) arranged a $4.2 million, fixed-rate, non-recourse, bank loan for the Hampton Inn located in Fultondale, AL.

The loan was arranged by NLG’s Troy Ellis (Director) and Philip Wickstrom (Managing Principal) on behalf of the hotel’s owner. The hotel is located adjacent to I-65 in an in-fill commercial corridor just six miles north of downtown Birmingham, AL. The hotel is in excellent condition with strong operating metrics and the refinancing was well received by lenders with quotes from banks and conduits.