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 110,000-sq.-ft. facility is located in the 250,000-sq.-ft., Port Columbus Executive Park IV adjacent to the Port Columbus International Airport, according to Peter Berk, Managing Director and Principal of the Manhattan-based real estate investment firm. The three-year-old structure is currently stabilized and is occupied by mostly government tenants.

"Given the strength of the sponsorship and the quality of the asset, we received tremendous interest in providing financing for this property, Mr. Berk commented. "We ultimately were able to secure long-term financing at an interest rate below six percent with a conduit lender."

AFC represented Apollo Real Estate Investors and its affiliates in the transaction.