Sam Givens closed a $12 million refinance for the 113-key Comfort Suites & MainStay Suites: University-Downtown, a dual-branded limited service extended-stay hotel in Cincinnati. After earlier attempts stalled, he delivered an underwriting reset with clearer cash flow and valuation support, bringing the transaction to close.
-- A previously stalled hotel refinance in Cincinnati reached the finish line after The Samuel Givens Company reframed the deal and aligned it with lenders prepared to underwrite extended stay hospitality. The $12 million refinance for the Comfort Suites & MainStay Suites: University Downtown had faced repeated setbacks before the strategy shift.
The borrower, Kingsley + Co., sought refinancing for the 113 key dual branded Comfort Suites & MainStay Suites: University Downtown, located one mile from Downtown Cincinnati and close to the Uptown hospital network and the University of Cincinnati. Despite strong demand drivers and a stable operating profile, earlier financing attempts stalled as lenders tightened underwriting and raised valuation concerns common to extended stay hospitality assets.
Sam Givens stepped in to reset the strategy, clarify the property’s cash flow and valuation narrative, and target lenders with a demonstrated appetite for extended stay hotel financing. That repositioning restored lender confidence and moved the transaction through underwriting to a successful close.
“This deal reflects what it takes to close in a cautious lending environment,” said Sam Givens, Principal of The Samuel Givens Company. “When a refinance stalls, the answer isn’t sending the same story to more lenders. The answer is a lender ready reset that removes uncertainty, supports the narrative with credible information, and keeps momentum through underwriting.”
Key Transaction Highlights
• $12,000,000 refinance secured for a dual branded extended stay hotel
• 113 key property located near major medical and employment anchors
• Strategy focused on cash flow clarity, valuation support, lender targeting, and active underwriting advocacy
• Financing terms were not disclosed
For full details on this hotel refinancing, visit: https://fastmortgagecapital.com/success-stories/f/how-sam-givens-closed-stalled-12m-extended-stay-hotel-refinance
About the company: The Samuel Givens Company provides mortgage advisory and financing solutions for real estate investors nationwide, with expertise in complex underwriting, hospitality assets, and lender alignment. For more information, visit FastMortgageCapital.com.
Contact Info:
Name: Sam Givens
Email: Send Email
Organization: The Samuel Givens Company
Address: Savannah, Georgia USA
Phone: (912) 358-6326
Website: https://fastmortgagecapital.com/
Release ID: 89182553
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