Entries by cappartners

Public Transportation’s Impact on Property Values: Good or Bad?

There appears to be a sort of unfortunate urban myth that public transportation projects makes nearby neighborhoods less desirable. Certainly, the construction phases of some projects may generate noise and cause some inconvenience. No research supports the idea that public transportation increases crime or negatively impacts property values. The Positive Impact of Public Transportation on […]

Market Insights

Multifamily borrowers are continuing to benefit from a strong rental market. Many are taking advantage of the increased rents and NOI’s by refinancing and pulling cash out to be used for a variety of purposes, such as returning equity back to investors, performing capital improvements, or applying the funds toward additional investment opportunities. Banks and […]

Tower Capital Arranges $28M in Financing for Days Inn in AZ

PHOENIX—Tower Capital, a locally based commercial real estate structured finance firm, arranged $28 million in acquisition and renovation financing for the 218-room Days Inn hotel, located in Scottsdale, AZ. Principals Kyle McDonough and Adam Finkel CCIM led the transaction, which includes an extensive $12-million renovation budget that will reposition the asset into an independent boutique […]

Tower Capital arranges $38M in hotel loans in nine months

Phoenix-based structured finance firm, Tower Capital, has arranged over $38 million in hotel loans over the past nine months and is quickly becoming one of the most active financiers in the hospitality sector in the southwestern U.S. It recently closed 869 keys across six properties, which comprised a Holiday Inn & Suites, two Comfort Inns, […]

Lender survey: Confident but cautious outlook

A shift in lender expectations suggests that financiers of U.S. hotels expect the current period of growth in hotel asset values to peak within the next year, according to the year-end release of the “2015 Hotel lender survey.” HENDERSONVILLE, Tennessee, and NEW YORK—A shift in lender expectations suggests that financiers of U.S. hotels expect the […]

Tower Capital Arranges $5.9M Acquisition Loan for Comfort Inn

PHOENIX—Structured finance firm Tower Capital arranged a $5.9-million acquisition loan on behalf of a Toronto-based hotel group to acquire a 122-room Comfort Inn here. The property is located off of the I-10 Freeway and W. 51st Ave. and is the site of a major freeway expansion that will connect the I-10 and 202 freeways. The […]