Hyde Park Commercial Group Closes $3,382,500 Acquisition Loan for Airport Hotel
$3.38MM Renovation and Acquisition loan for a 148-Room Clarion hotel arranged by Cincinnati Advisory firm Hyde Park CG
Cincinnati, Ohio, September 23, 2015 (Newswire.com) - Hyde Park Commercial Group, a commercial real estate advisory firm is pleased to announce the closing of a $3,382,500 acquisition and PIP loan for a 148-key Clarion Airport Hotel. Hyde Park advised and arranged a bank loan facility which featured a fully amortizing 25 year term and $415,000 in 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.
For more information visit: http://www.hydeparkcg.com. Hyde Park CG can be reached at 513.792.2940 & info@hydeparkcg.com.