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Brokerage
Posted: February 24, 2014
Knighthead Funding handles $5.125 million first mortgage bridge loan
Knighthead Funding, LLC has financed a $5.125 million first mortgage bridge loan secured by a 100-key hotel located at the Philadelphia Airport. The loan proceeds were used to refinance the existing debt as the asset embarks on a property improvement plan in connection with a flag conversion.
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