Berkadia Secures Financing for Charlotte Hotel

Berkadia secured financing for the WoodSpring Suites Charlotte – University Research Park, a 122-key, extended-stay hotel in Charlotte, North Carolina. Michael Weinberg led a Berkadia team that secured $10 million through KeyBank on behalf of the sponsor, Orlando-based Liberty Investment Properties. 

KeyBank provided a five-year, fixed rate CMBS loan with a competitive interest rate and a full-term interest-only period. This transaction will represent the start of Liberty Investment Property’s new long-term, perpetual income fund, focusing on income-producing extended-stay hotel assets. 

Located at 7007 MacFarlane Boulevard and built in 2021, WoodSpring Suites Charlotte – University Research Park features 122 rooms equipped with a full kitchen and queen-size or king-size beds. The property is located off I-85, just ten minutes from the University of North Carolina Charlotte and Atrium Health University City, 15 minutes from the Uptown business and entertainment district, and just a short drive from several offices and research parks.