DiamondRock has lined up a $50 million unsecured term loan to help fund the acquisition. The five-year loan pays a coupon that will range from 140 basis points to 220 bps more than Libor, based on the company's leverage ratio. ...
85 percent occupied. The buyer assumed a $28.6 million mortgage securitized through GS Mortgage Securities Corp. II, 2005-GG4. The loan matures in March 2015 and has a 5.47 percent gross coupon.
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