Holiday Inn Express Refinance & Renovation Loan for $4,500,000

Daniel Redlinger 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.  We 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%. which was arranged at the full request through an east coast bank.

513 Capital 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.