Burlingame, CA- Daniel Friedeberg, President of Barry Slatt Mortgage recently closed a $40,000,000 permanent loan on the 350 room Crowne Plaza Hotel in Foster City. The financing was completed with a 30-year amortization and 10-year term through one of Slatt’s correspondent insurance lenders. The proceeds were used to retire the existing loan, as well as fund an extensive renovation project for the hotel. Barry Slatt Mortgage will also be servicing the loan.
About Barry Slatt Mortgage
Barry Slatt Mortgage is a long-standing and respected institution with more than four decades of experience in commercial mortgage banking. Today the company tempers the same expertise, trust, and straightforward communication it was founded upon with modern analysis and market tools. Slatt has correspondent relationships with several of the most prestigious lenders in the country, providing custom-tailored solutions for borrowers’ needs.