Capmark Finance Inc. Funds $11.5 Million in Refinancing for Fairfield Inn & Suites Austin NW

Capmark Finance Inc. (Capmark Finance) funded $11.5 million in floating-rate, interim refinancing for Fairfield Inn & Suites Austin NW, a hotel in Austin, Texas.

Located at 11201 North MoPac Expressway on 3.21 acres, the four-story Fairfield Inn & Suites was built in 2002. Comprised of 134 guestrooms, the limited-service property features a 50-seat breakfast area, 228 square feet of meeting space, an outdoor swimming pool and whirlpool, an exercise room, a business center, vending area, guest laundry room and 147 surface parking spaces.

Vice President Chris Clark of the Capmark Finance McLean, Va., office originated the transaction. The borrower, AFS Property, LP, was sponsored by Western International, Inc.

“Capmark Finance has established an excellent relationship with the sponsor,” said Clark. “We have successfully closed more than 20 loans totaling over $300 million over the last 15 years.”

About Capmark®:

Capmark is a global, diversified company that provides a broad range of financial services to investors in commercial real estate-related assets. Capmark has three core businesses: lending and mortgage banking, investments and funds management, and loan servicing. Capmark operates in North America, Europe and Asia.



Capmark Finance Inc., the U.S. real estate lending and mortgage banking operations of Capmark, has access to multiple capital sources and offers a full range of financing solutions and resources. Capmark Finance is a direct lender, a correspondent for insurance companies, pension funds and other capital markets conduits and one of the leading approved lenders for Fannie Mae, Freddie Mac and HUD/FHA.



With a servicing portfolio of approximately $371.7 billion as of December 31, 2007, Capmark Finance is one of the industry’s leading loan servicers.



Capmark Investments LP, the investments and funds management operation of Capmark, is an established manager of equity real estate and mortgage-related investments in the public and private markets with approximately $10.9 billion in investments under management as of September 30, 2007.



For more information about Capmark, visit www.capmark.com.