Montreal -- GE Capital, Franchise Finance announced today that it has recently provided a $15 million senior term loan facility to Temple Real Estate Investment Trust (TSX Venture: "TR.UN") to support the acquisition of the Radisson Hotel & Suites Fort McMurray, Alberta.
Arni Thorsteinson, president & CEO, Temple REIT, Inc., said, "GE Capital proved to be very responsive to our needs and we are very pleased with the execution of this transaction."