New York, N.Y. —AFC Hotel Finance Group has arranged a $9 million refinancing loan for a Four Points by Sheraton Hotel located one mile from the San Francisco International Airport.

The ten-year fixed-rate loan was used by the owners of the 100-room facility –- Peninsular Hospitality –- to pay off original construction debt, according to the Manhattan-based real estate investment bank.

The transaction was originated and placed by Peter Berk, President of AFC Hotel Finance Group, with a conduit bank.

“We had over seven bids from lenders on this property and it ultimately came down to which lender offered the very best rate and term available,” comments Mr. Berk. “It is another sign that the hotel lenders have entered the market in a big way and are very aggressive for our hotel clients.”

Situated at 264 South Airport Boulevard near highways 101, 280 and 380 in San Francisco, Four Points by Sheraton San Francisco Airport features Loft, Executive and Jacuzzi suites, a second-floor business center, restaurant and martini bar and a board room.