ATLANTA, Georgia—Entry Level Monetary introduced the profitable closing of a $133.1 million funding in Goldman Sachs’ latest $985 million resort portfolio refinance. Goldman Sachs organized the transaction for Atrium Holdings, which is able to use the proceeds to refinance a 24-property resort portfolio. APF acquired the capital stack’s three bond tranches (HRR, G, & F) totaling $133.1 million.
“This transaction underscores APF’s place as a artistic and aggressive capital supplier in hospitality. Our capability to amass these tranches in Goldman Sachs’ complicated refinancing of such a major resort portfolio speaks to our strategic method and the way APF’s early participation facilitates and improves the execution of these kinds of financings,” mentioned Michael I. Lipson, CEO, Entry Level Monetary. “We satisfaction ourselves on discovering progressive options in a difficult market and are ready to maneuver decisively when alternatives come up. By leveraging our deep business experience and versatile capital, we proceed to help the evolving wants of main hospitality firms like Atrium Holdings.”
The portfolio contains 24 properties throughout the US, nearly all of that are branded as Embassy Suites by Hilton.
