First American Realty Associates Arranges $6.5 million Hampton Inn & Suites Refinance

Cameron J. Larkin, Senior Vice President of Business Development for First American Realty, arranged the financing on behalf of the sponsorship entity, Yuma One LP.

This is the fifth hotel developed by Yuma One LP General Partner, John H. Ferguson over the past 15 years.

Opened in October 2005, the 90-room Yuma Hampton Inn & Suites is managed by True North Hotel Group.

“We partnered with a CMBS lender willing to work outside the box on a hotel with only eight months of operating history,” said Larkin. “In addition to certainty of execution, we delivered the sponsors a 120 basis point spread, higher loan proceeds, and over $100,000 in savings through a well-timed rate lock.”

“I wish to add my voice to the many that have already extolled the virtues of using First American Realty in expediting the loan approval process. Cameron Larkin was extremely professional and diligent in his efforts to obtain the best deal for me,” said borrower, John Ferguson.

First American Realty Associates, LLC (www.firstamrealty.com) is a national hospitality firm that focuses exclusively on arranging hotel debt financing including construction, acquisition, refinancing, renovation, and repositioning/conversion loans. Founded in 1976, with offices in Fairfield, NJ and Dallas, TX, the firm has financed 507 hotels across 44 states totaling $2.02 billion. The firm’s licensed professionals have 48 years combined hospitality and financial services experience.