SAN FRANCISCO—Kimpton Hotel and Restaurant Group has refinanced its Hotel Monaco San Francisco here with a $45-million, three-year, fixed-rate, on-book loan it obtained from GE Real Estate. According to GE Real Estate, with commercial mortgage-backed security financing not a viable option in the current lending market, it was able to customize a short-term, fixed-rate loan with favorable terms for Kimpton. GE also was able to meet Kimpton’s tight time frame for obtaining the loan. The 201-room Hotel Monaco is a four-star boutique hotel in downtown San Francisco.
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