Edgewood originated a $4,100,000 first-mortgage bridge loan to finance the acquisition, conversion, and renovation of an 86-key Suburban Studios extended-stay hotel in Lithia Springs, Georgia. The property was formerly operated as an assisted living facility and the loan includes a renovation and PIP reserve to support the conversion to a Choice Hotels-branded Suburban Studios. Edgewood remains an active hospitality lender, providing bridge financing for acquisitions, conversions, renovations, and value-add repositioning opportunities nationwide.
Atlanta Hotel Acquisition & PIP Loan
- Bridge Loans
- Hotel
- South
$4,100,000 | 86 Key