Loan Type : Permanent Financing
Loan : $5,800,000
A $5,800,000 loan for the two-story, 131-room limited service Days Inn hotel located in Springfield, Pennsylvania. The loan features an interest rate swap to bring the seven-year fixed rate down to 4.75%. The hotel underwent major renovations in 2005 and features such amenities as a fitness center, a large banquet room, a restaurant etc.