AFC Hotel Finance Group announced the completion of $9.0m in financing for two hotels in Atlanta and Bremen, GA on behalf of Apsilon Management.

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. Hotel Finance Group announced the completion of $9.0M in financing for two hotels in Atlanta and Bremen, GA on behalf of Apsilon Management. The transactions, which will allow the hotel ownership to refinance existing mortgages and explore new acquisition opportunities, were arranged by Peter M. Berk, president of AFC Hotel Finance Group. The first transaction AFC originated and secured for Apsilon is a $6.0 million loan for the Best Western at Atlanta Airport, a 140-room hotel located just three miles from the Hartsfield-Jackson Atlanta International Airport Hartsfield-Jackson Atlanta International Airport (IATA: ATL, ICAO: KATL, FAA LID: ATL), known locally as Atlanta Airport, Hartsfield Airport, Hartsfield-Jackson along Interstate 75 and within easy access to downtown Atlanta Downtown Atlanta refers to the largest financial district for the city of Atlanta.

As defined by the Central Atlanta Progress (CAP) organization, the area measures approximately 4 mi², and was home to 23,300 as of 2006. . In addition, AFC arranged a $3.0 million loan for the Holiday Inn Express in Bremen, GA. The 84-room hotel is situated just one mile from Bremen and 12 miles from Carrolton, GA. It is also conveniently located with easy access to Six Flags Over Georgia Six Flags Over Georgia is a 230-acre theme park located west of Atlanta, in Austell, Georgia. Opened in 1967, it is the second park in the Six Flags chain, after the original opening in 1961 in Texas. and the Lions Golf Club. Both long-term, fixed rate financings were provided by a leading global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
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Title Annotation:	FINANCE
Comment:	AFC Hotel Finance Group announced the completion of $9.0m in financing for two hotels in Atlanta and Bremen, GA on behalf of Apsilon Management.(FINANCE)
Publication:	Real Estate Weekly
Date:	Mar 28, 2007
Words:	164
Previous Article:	Houlihan Parnes/iCap Realty Advisors, LLC.(FINANCE)
Next Article:	Deutsche Bank Berkshire Mortgage (DBBM) recently provided Ocelot Capital a $10m Fannie Mae loan for the acquisition of three multifamily properties...
Topics:	Hotels and motels Finance

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