Lenders $9M statement.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 has arranged a $9 million refinancing loan for a Four Points by Sheraton Four Points by Sheraton is Starwood Hotels & Resorts mid-market hotel brand, targeted towards business travelers and small conventions. Four Points was created by the former ITT Sheraton before Starwood acquired the firm in 1998. Hotel located one mile from the San Francisco International Airport “SFO” redirects here. For other uses, see SFO (disambiguation). For the television series, see . . The ten-year fixed-rate loan Fixed-rate loan A loan whose rate is fixed for the life of the loan. was used by the owners of the 100-room facility--Peninsular Hospitality--to pay off original construction debt, according to the Manhattan-based real estate investment bank. The transaction was originated and placed by Peter Berk, President of AFC Hotel Finance Group, with a conduit bank. "We had over seven bids from lenders on this property and it ultimately came down to which lender offered the very best rate and term available," comments Mr.Berk. "It is another sign that the hotel lenders have entered the market in a big way and are very aggressive for our hotel clients." |
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