Benefit Street Partners has provided $48.75 million of financing against the 212-room Cambria Hotel Austin Downtown in Austin, Texas. The loan allowed the property’s owner, Stratus Development Partners, to pay off its $62 million of construction financing that had been provided by Stonehill Strategic Capital, also of Atlanta. The Benefit Street loan was arranged by […]

The post Benefit Street Lends $48.75Mln for Cambria Hotel Austin Downtown appeared first on Commercial Real Estate Direct.