Hyde Park CG Closes $1,139,000 Acquisition Loan for Limited Service Hotel
$1.139MM Renovation and Acquisition loan for a 74-Key Super 8 hotel arranged by Cincinnati Advisory firm Hyde Park Commercial Group
Cincinnati, Ohio, September 8, 2015 (Newswire.com) - Hyde Park Commercial Group, a commercial real estate advisory firm is pleased to announce the closing of a $1,139,000 acquisition and PIP loan for a 74-key Super 8 hotel. Hyde Park advised and arranged a bank loan facility which featured a fully amortizing 25 year term and $200,000 in working capital and renovation funding. The loan pricing was 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.
Hyde Park wasted no time putting viable finance offers on the table, and flat out delivered. Thank you!
Jagdeep Singh, Owner
For more information visit: http://www.hydeparkcg.com. Hyde Park CG can be reached at 513.792.2940 & info@hydeparkcg.com.