Preferred Equity

Courtyard by Marriott

Courtyard by Marriott
Tampa, FL
128 Keys

Principals of Schelin Uldricks & Co. raised $5MM of preferred equity and arranged an $11.9MM loan for the acquisition of a hotel that was to be syndicated in a Delaware Statuatory Trust. The preferred equity enabled the sponsor to close, after which they were to repay the equity through the sale of beneficial interests.