$24m hotel deal.AFC (1) (Application Foundation Classes) A class library from Microsoft that provides an application framework and graphics, graphical user interface (GUI) and multimedia routines for Java programmers. Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Capital has secured $24 million in financing for a Hilton Garden Inn Hilton Garden Inn is the name of a chain of hotels operated by Hilton Hotels Corporation. Hilton Garden Inns are considered to be upscale, mid-priced hotels that are designed for both business and leisure travelers. The hotel brand is similar to that of the Courtyard by Marriott brand. located in Arlington, VA. The non-recourse financing enabled the developer to recover all equity on the property and have no further cash remaining in the transaction. Utilizing creative financing Creative Financing is a term used widely amongst real estate investors to refer to non-traditional means of real estate financing, or financing techniques not commonly used. methods, the Manhattan-based boutique real estate investment firm was able to structure this loan to satisfy the borrower's needs, despite the facility's brief history of stabilized operations. The transaction was for a 10-year term with a 25-year amortization and was placed a rate less than 110 basis points over the ten-year treasury. The loan was originated by Jason Gabbard, an AFC Associate Director, and placed by Mr. Gabbard and Michael Sonnabend, principal of AFC Realty Capital, with a European financial institution. |
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