BGL’s Real Estate Advisors team was featured in an article published by Cleveland Business Journal entitled, “How Brown Gibbons Lang rescued a Cleveland airport hotel mortgage from a CMBS workout.”
The article discusses the process BGL’s Real Estate Advisors team took to secure bridge financing for the 168-key Hilton Garden Inn at Cleveland Hopkins International Airport. Recent turmoil in capital markets made it more challenging to refinance the hotel’s mortgage loan, so the team went with a bridge loan.
The complete article is available on the Cleveland Business Journal website.