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NKF Arranges $28M Refi Loan for Courtyard Marriott Riverwalk

NKF obtained a $27.8 million loan to refinance the Courtyard Marriott Riverwalk. Owned by Miami-based Finvarb Group, the 17-story hotel is located directly on the River Walk and within walking distance to the historic Alamo. NKF’s Capital Markets’ Ben Greazel originated the 10-year, interest-only, non-recourse loan from Benefit Street Partners.

The Courtyard Marriott Riverwalk, which opened in 2009, features a Spanish Mediterranean design and offers 220 state-of-the-art rooms. In 2018, Finvarb Group completed a property improvement plan that included lobby, conference space and full-room renovations. The hotel also has a Bistro restaurant, Starbucks, meeting space, full-service bar, outdoor swimming pool, fitness center, guest laundry, 24-hour market and a business center.

“The Courtyard Marriott Riverwalk’s beautiful, updated amenities, combined with its River Walk location and the strong San Antonio market, resulted in advantageous terms for our client,” Greazel said.

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