Hyde Park Commercial Group, a commercial real estate advisory firm, is pleased to announce the closing of a $4,750,000 refinance, reposition, PIP loan. The loan provided capital for a 241-key, Full Service Independent Hotel conversion to a Radisson. Ownership was able to refinance existing debt and access capital to complete a total renovation plan. Hyde Park advised and arranged the loan through an East Coast specialty lender.
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.