PARK CITY, Utah—CooperWynn Capital announced the successful closing of $32 million long-term fixed-rate financing on behalf of Suburban Capital, simultaneously refinancing four existing WoodSpring Suites properties and funding the acquisition of a fifth asset, expanding the sponsor’s Virginia extended-stay portfolio to 610 keys across five markets. A national life insurance company served as lender on the transaction. Financing Details The financing is structured in two components: refinancing and retiring existing construction debt on Suburban Capital’s […]

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