Loan Type : Refinance
Loan : $5,600,000
An $8,500,000 permanent loan for the acquisition of a 116-room Holiday Inn located in Lima, Ohio. The non-recourse loan features a ten-year term with an interest rate of 290 basis points over the 10-year swap rate on a 30-year amortization. It was underwritten at 70% loan-to-value.