Hyde Park Commercial Group is pleased to announce the closing of a $4,500,000 SBA refinance loan for a limited service, 71-key, interior corridor, Holiday Inn Express hotel. The loan refinanced existing debt and provided ownership with all renovation capital necessary to perform IHG’s Formula Blue PIP. Hyde Park worked with ownership through the entire process, advised and arranged a bank loan facility which featured a 25 year fully amortizing term, with loan pricing at WSJ Prime +2%. Hyde Park was able to arrange the full request through an east coast bank.
Hyde Park Commercial Group arranges capital through a broad range of sources from hedge funds, life companies, CMBS, private investors, SBA, to regional and national banks. Hyde Park focuses on debt placement for improved commercial real estate properties, with a specialization in hospitality properties, and business finance transactions nationwide.
For more information, call Jerry Dehner or Dan Redlinger, Managing Partners at 513-792-2940 or visit: http://www.hydeparkcg.com.