NEW YORK— An undisclosed borrower has obtained $35 million in financing for a portfolio of four Hilton Garden Inns in the Midwest. New York-based AFC Realty Capital arranged the funding. The properties are located in Oshkosh, Appleton and Green Bay, WI; and Grand Forks, ND. All together, the assets contain more than 400 units. In arranging the financing, AFC had to overcome several obstacles, including the fact that two of the hotels are on ground leases that other financiers had rejected as “non-financeable.”
