{"id":1004273591,"date":"2018-10-23T08:18:10","date_gmt":"2018-10-23T16:18:10","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004273591"},"modified":"2022-12-06T14:59:15","modified_gmt":"2022-12-06T22:59:15","slug":"nc-aloft-hotel-lands-25m-refi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nc-aloft-hotel-lands-25m-refi\/","title":{"rendered":"NC Aloft Hotel Lands $25M Refi"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004273612\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Aloft-Asheville.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004273612\" data-attachment-id=\"1004273612\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/nc-aloft-hotel-lands-25m-refi\/aloft-asheville\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Aloft-Asheville.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;IvyLee Rosario&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1540212873&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Aloft Asheville\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Aloft Asheville&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Aloft-Asheville.jpg?w=800\" class=\"wp-image-1004273612 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Aloft-Asheville.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Aloft-Asheville.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Aloft-Asheville.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Aloft-Asheville.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004273612\" class=\"wp-caption-text\">Aloft Asheville<\/p><\/div>\n<p>McKibbon Hospitality has secured $25 million in financing for Aloft Asheville, a 115-key hotel in Asheville, N.C. Walker &amp; Dunlop structured the 10-year, non-recourse refinance loan on behalf of the property&#8217;s owner and developer. The financing will be used to retire existing debt and return equity to McKibbon.&nbsp;<\/p>\n<p>Located at 51 Biltmore Ave., the six-story building also offers two 3,000-square-foot retail spaces that are leased to the restaurant The Blackbird and retailer Diamond Brands. Additional amenities of the pet-friendly hotel include a 24-hour food bar, a Splash outdoor pool, car rental, a business center, three bars and lounges, valet dry-cleaning, re:Fuel dining area, keyless hotel access, the signature fitness center Re:charge gym and free Wi-Fi.&nbsp;<\/p>\n<p>The Walker &amp; Dunlop team arranging the financing were Vice Presidents Doug Hart, Alison Williams and Matt Baldwin. <em>&#8220;By offering a fresh approach to the traditional hotel experience, Aloft Asheville is poised for continued success in the growing market of&nbsp;<span class=\"xn-location\">Asheville<\/span>,&#8221;<\/em> said Hart in a prepared statement.&nbsp;<\/p>\n<p>Nearby attractions of&nbsp;Aloft Asheville include the Basilica St. Lawrence, Orange Peel concert hall and the Grove Arcade, in addition to its arts scene and historic architecture. Asheville Regional Airport is also located 14 miles away.&nbsp;<\/p>\n<p>Last year, Walker &amp; Dunlop&nbsp;<a href=\"https:\/\/www.commercialsearch.com\/news\/walker-dunlop-secures-15m-loan-for-pittsburgh-hotel\/\">closed a $14.9 million construction loan<\/a> with Orix USA for EVEN Hotel,&nbsp;located in the historic Kaufmann\u2019s department store building in downtown Pittsburgh.&nbsp;<\/p>\n<p><em>Image via Google Street View&nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Walker &amp; Dunlop structured the 10-year, non-recourse refinance loan for the 115-key Aloft Asheville, working on behalf of McKibbon Hospitality, the property\u2019s owner and developer.<\/p>\n","protected":false},"author":746,"featured_media":1004273612,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21743,21825,21751,21742],"tags":[36760,41849,34573],"class_list":["post-1004273591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-deals","category-finance","category-hotel","category-latest","tag-aloft","tag-mckibbon-hospitality","tag-walker-and-dunlop"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NC Aloft Hotel Lands $25M Refi - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/nc-aloft-hotel-lands-25m-refi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NC Aloft Hotel Lands $25M Refi\" \/>\n<meta property=\"og:description\" content=\"Walker &amp; Dunlop structured the 10-year, non-recourse refinance loan for the 115-key Aloft Asheville, working on behalf of McKibbon Hospitality, the property\u2019s owner and developer.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/nc-aloft-hotel-lands-25m-refi\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-23T16:18:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T22:59:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Aloft-Asheville.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"IvyLee Rosario\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nc-aloft-hotel-lands-25m-refi\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/nc-aloft-hotel-lands-25m-refi\/\",\"name\":\"NC Aloft Hotel Lands $25M Refi - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nc-aloft-hotel-lands-25m-refi\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nc-aloft-hotel-lands-25m-refi\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Aloft-Asheville.jpg\",\"datePublished\":\"2018-10-23T16:18:10+00:00\",\"dateModified\":\"2022-12-06T22:59:15+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nc-aloft-hotel-lands-25m-refi\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/nc-aloft-hotel-lands-25m-refi\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nc-aloft-hotel-lands-25m-refi\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Aloft-Asheville.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Aloft-Asheville.jpg\",\"width\":800,\"height\":620,\"caption\":\"Aloft Asheville\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nc-aloft-hotel-lands-25m-refi\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NC Aloft Hotel Lands $25M Refi\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\",\"name\":\"IvyLee Rosario\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"caption\":\"IvyLee Rosario\"},\"description\":\"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. 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