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$4,250,000 Hotel Bridge Loan

Loan Type : Bridge Loan

Loan : $4,250,000

A $4,250,000 interest-only loan featuring a flooring rate of 6.75%, a 24-month term, and was underwritten at 65% loan-to-cost. RPC identified an “out of market” lender who was willing to fund the renovation and reflagging of the hotel. At the time of closing, the property had little to no cash flow available to service the debt.

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Based in the Philadelphia region, Real Property Capital, Inc. (RPC) is a commercial mortgage banking firm with a regional focus and national capabilities... Read More

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Conshohocken, PA
19428
(610) 456-9644
bgreen@realpropertycapital.com

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