Trinity Street Capital Partners (TSCP) Announces the Origination of a High

Leverage, Non-Recourse, Hotel Loan

Trinity Street Capital Partners, a full service real estate investment bank, announces the origination
of a $13MM blanket, first mortgage on two limited service hospitality properties. The hotels were
flagged as a Hampton Inn, by Hilton and Spring Hill Suites, by Marriott and located in New Bern,
NC.
New York, NY, January 24, 2017 --(PR.com)-- Trinity Street Capital Partners (TSCP) (
www.trinitystreetcp.com), a full service real estate investment bank, announces the origination of a
$13MM first mortgage on two limited service, hospitality properties located in New Bern, NC. The
properties were branded as a Hampton Inn, a Hilton product and Springhill Suites a Marriott extended
stay product. The non recourse mortgage had a 10 year fixed term, 30 year amortization period, 75%
loan-to-value, with no personal guarantees.
New Bern, NC is located at the confluence of the Trent and the Neuse rivers, near the North Carolina
coast and has a population of approximately 29,000. It lies 112 miles (180 km) east of Raleigh, 87 miles
(140 km) northeast of Wilmington, and 162 miles (261 km) south of Norfolk. New Bern is the birthplace
of Pepsi Cola and in 2005, a segment of NBC's The Today Show noted that New Bern was one of the best
places in the United States to retire.
According to a senior originator at Trinity Street Capital Partners, Mr. Anthony Zavala, the availability
of non-recourse, hospitality financing in tertiary markets continues to remain limited given the rampant
new supply of hotels rooms being added across the country." Despite the challenging conditions, TSCP
was able to establish that the unique location, significant barriers to entry for new construction and
outstanding management, warranted the origination of the high leverage loan. The principals of Trinity
Street Capital Partners have been financing such hospitality franchises, as Hilton, Marriott, Wyndham,
Choice, Starwood, Hyatt and Intercontinental Hotels Group (IHG), for the last 20 years and are
committed to expanding its hotel finance business.
Trinity Street Capital Partners focuses on non-recourse, high leverage senior & subordinate debt and
preferred equity, with investments starting at $5MM on income producing retail, office, industrial,
multifamily, manufactured housing communities, self-storage and hospitality properties located
throughout the continental United States. (www.trinitystreetcp.com)
The Firm is a leader in providing permanent mortgages and equity for wide range of real estate
transactions.
Trinity Street Capital Partners, is wholly owned subsidiary of Trinity Street Holdings, a financial services
conglomerate. (www.trinitystreetholdings.com)
For more information about Trinity Street Capital Partners and the services it provides, go to
www.trinitystreetcp.com.
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Contact Information:
Trinity Street Capital Partners
John Dragone
212-671-1044
Contact via Email
www.trinitystreetcp.com
media.relations@trinitystreetcp.com

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