|
MEZZANINE LOAN - $1,100,000
Hampton Inn &
Suites - Alabama
HCP funded a non-recorded second position mezzanine loan
for a full cash out to borrower providing working capital &
market purchasing power. |
|
NOTE PURCHASE &
RENOVATION - $3,000,000
Days Inn -
Downtown Indianapolis
HCP successfully purchased first mortgage from bank and extended
new second mortgage for renovations and conversion from Days Inn
to Best Western. |
|
MEZZANINE LOAN - $5,800,000
Asset Value
2 Hotels - Fort
Wayne, Indiana
Limited Service - National Flag
Successfully provided second lien position mezzanine loan for
working capital. |
|
SBA 504 - $6,500,000 Purchase
Mortgage
Full Service National Flag -
Hannibal, Missouri
Arranged first mortgage and SBA 504, funded closing with interim
loan $1,955,000. |
|
MEZZANINE LOAN - $60,000,000 Project
Full Service Hilton -252 Rooms
- Columbus, OH
Mezz loan provided for successful completion of
construction project on time. |
|
PORTFOLIO REFINANCE
- $25,000,000 Property Value
5 Nationally Flagged
Hotels - 600 Rooms - Ohio
Limited & Full Service
Choice Hotels, Intercontinental Hotels Group |
|
INSTALLMENT SALE
REFINANCE- $6,100,000
2 Holiday Inn
Express Hotels - Missouri
Limited Service
Successful payoff of installment sale contracts. |
|
1031 EXCHANGE LOAN -
$3,900,000
2 Hotels - Indiana
Baymont Inn & Suites & Independent Regional Chain
Successful 1031 blanket loan dual closing. |
|
|
NOTE PURCHASE - $7,000,000
Hilton Garden Inn
- Chicago Sub-Market
HCP successfully purchased first mortgage from bank and
restructured discounted debt to the borrowers. |
|
2ND DEED OF TRUST
MULTI-PURPOSE - $1,200,000
Best Western -
Phoenix, Arizona
Multiple states as collateral, all second lien position.
HCP successfully provided funding for
payoff of LOC, renovations of hotel, and provide working capital. |
|
MEZZANINE LOAN - $8,200,000 Project
Sheraton Four
Points- Kalamazoo, Michigan
Full Service
Mezz loan provided for continuing renovation and completion of
construction project on time. |
|
CONVENTIONAL LOAN -
$6,800,000 Property Value
Holiday Inn Express
- 121 Rooms - Port Clinton, OH
Limited Service
Conventional Loan - 60%LTV - Prime + 1% |
|
HOTEL SBA 504
Purchase- $3,200,000
Comfort Inn - 58
Rooms - Indianapolis Metro
Limited Service
Blended SBA 504 & Conventional Loan - 90%LTV |
|
PACKAGE REFINANCE
- $4,100,000
2 Independent Hotels
- 160 Rooms - Midwest
Limited Service
Dual closing double mortgage |
|
HOTEL PURCHASE
MORTGAGE- $3,900,000
Best Western Hotel
-110 Rooms - Midwest
Full Service
Successful payoff of installment sale contracts. |
|
PORTFOLIO DEBT
RESTRUCTURE -
$34,000,000
18 Hotels - Various
3 Year Project - Individual restructure of each hotel
Successful closings and savings. |
|
