ATLANTA, Georgia—Entry Level Monetary introduced the profitable closing of a $133.1 million funding in Goldman Sachs’ current $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 inventive and aggressive capital supplier in hospitality. Our skill to amass these tranches in Goldman Sachs’ advanced refinancing of such a big resort portfolio speaks to our strategic method and the way APF’s early participation facilitates and improves the execution of all these financings,” stated Michael I. Lipson, CEO, Entry Level Monetary. “We pleasure ourselves on discovering progressive options in a difficult market and are ready to maneuver decisively when alternatives come up. By leveraging our deep trade experience and versatile capital, we proceed to assist the evolving wants of main hospitality firms like Atrium Holdings.”
The portfolio contains 24 properties throughout the US, the vast majority of that are branded as Embassy Suites by Hilton.
