Hyde Park Commercial Group Closes $1,750,000 Hotel Partner Buyout Loan
$1.75MM Partner Buyout loan for a 106-Room Motel 6 arranged by Cincinnati Advisory firm Hyde Park CG
Cincinnati, Ohio, February 15, 2016 (Newswire.com) - Hyde Park Commercial Group, a commercial real estate advisory firm is pleased to announce the closing of a $1,750,000 partner buyout loan. The subject property was a 2-story exterior corridor limited service Motel 6. Hyde Park advised and arranged a bank loan facility which featured a fully amortizing debt that provided refinance capital, working capital, and funds to buyout the borrower's existing partners. 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.
For more information visit: http://www.hydeparkcg.com. Hyde Park CG can be reached at 513.792.2940 & info@hydeparkcg.com.