January 31, 2019 – Edgecap Partners LLC, an affiliate of Edgewater Group LLC (“Edgewater”) is pleased to announce the refinancing of the Hilton Hampton Inn & Suites in Stone Mountain, GA. The property was purchased by SM Investors LLC in June 2015 for an “all-in” purchase price of $7,000,000. With this refinancing the property was appraised at $12,200,000. Edgecap Partners LLC borrowed $5,800,000 and was able to pull out nearly $785,000 of equity to distribute to their investors. The lender in this deal was Oceanview Commercial Mortgage Finance, LLC.
The Hampton Inn in Stone Mountain is a recently renovated (April 2019) 112 room hotel located roughly 15 miles northeast of Atlanta and just 3 miles from Stone Mountain State Park.
Founded in 2008, Edgewater is a boutique multidisciplinary real estate Firm that provides distressed advisory, management and value-add investment services. Edgewater’s unique focus is on the micro and middle market segments in secondary and tertiary locations in the United States.