CAPMARK FINANCE ARRANGES $8.7 MILLION IN REFINANCING FOR HOTEL

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CORPUS CHRISTI, TEXAS — Capmark Finance Inc. has originated $8.7 million in floating rate, interim refinancing for the Courtyard by Marriott located at 5133 Flynn Pkwy. in Corpus Christi. The hotel is a 128,397-square-foot property consisting of 105 guestrooms, a 600-square-foot meeting room and a breakfast area. Chris Clark of Capmark Finance’s McLean, Va., office originated the transaction. Western International Inc sponsored the borrower, CyCC Property L.P.

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