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September 13, 2024

BGL’s Real Estate Advisors Team Featured in “How Brown Gibbons Lang rescued a Cleveland airport hotel mortgage from a CMBS workout,” Cleveland Business Journal

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.