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-0.000222816399286943 0.000445632798574045 0.00267379679144379 0.00311942959001784 -0.000222816399286943 0.00133689839572198 0.000891265597147931 0.00523618538324419
Stock impact report

Access Point Financial Participates in $75 Million Mezzanine Financing for Pendry Hotel & Residences in Nashville, Tenn. [Yahoo! Finance]

Bank OZK (OZK) 
Last bank ozk earnings: 4/23 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
industry, today announced the company has participated in providing $75 million in mezzanine financing for the 30-story Pendry Hotel & Residences in Nashville, Tenn. The loan bridged the gap between the Bank OZK first mortgage and the sponsor's equity to facilitate construction. APF acted as the hotel-specific capital provider to NYC-based private equity group, InterVest Capital Partners, of which APF is a portfolio company. "In conjunction with our colleagues at OZK, developer SomeraRoad and hoteliers Montage/Pendry Hotels and Resorts, APF and InterVest are privileged to be a part of this iconic, multi-million-dollar project," said Dana Tsakanikas, CIO, APF. "APF has been one of the only hotel-specific capital providers consistently delivering on capital solutions for the hospitality industry in the past five years." Developed by SomeraRoad, the $370 million project will evolve into the new anchor of The Gulch District, a dynamic, mixed-use, LEED-certified community in the heart Show less Read more
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