Versant Completes Recapitalization of Plymouth Meeting Hampton Inn

Assists Tenant-in-Common Owners with Bridge Financing, Property Improvement Plan, Management Overhaul, and 721 Rollup

SAN DIEGO, Jan. 19, 2016 /PRNewswire/ -- Versant Commercial Brokerage, Inc. announced today that it has successfully recapitalized a 136 room Hampton Inn located in the Philadelphia PA suburb of Plymouth Meeting. Versant assisted the tenant-in-common investors by originating new senior debt, syndicating new capital for the mezzanine financing, and utilizing Internal Revenue Code Section 721 to roll up the TIC structure into an LLC on a tax-deferred basis.
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