Pisanelli of U.S. Realty Capital secures two loans totaling $14.52 million

The Atlantic northeast office of U.S. Realty Capital successfully brokered $14.52 million secured by two properties in New York and Mass. Rob Pisanelli of U.S. Realty Capital structured and closed the transactions. A $5.7 million construction and permanent loan for a Holiday Inn Express & Suites in Utica, N.Y. The 18 month construction loan and twenty year permanent loan was placed with a regional bank. The loan was sized at 75% loan-to-value and carries a fixed interest rate of 5%. The amenity-filled 75 room Holiday Inn Express & Suites will feature an indoor pool, business center, fitness center, guest laundry, complimentary hot breakfast bar and high-speed Internet access. The Holiday Inn Express brand was introduced in 1991 by InterContinental Hotels and has grown to more than 2,100 properties worldwide. InterContinental's Priority Club Worldwide is the largest multi-brand hotel loyalty program in the industry allowing more than 61 million members worldwide to earn and redeem points at all brands. An $8.82 million construction and permanent loan for a Price Chopper supermarket in Gardner, Mass. The 60,000 s/f store is designed to meet the U.S. Green Building Council's eco-friendly standards and will create 220 new jobs when it opens next summer/fall. The loan was placed with a regional bank at a floating rate of 2.71%, sized at 75% loan-to-value. U.S. Realty Capital is a national mortgage banking company with ten offices across the country. Providing creative capital solutions for commercial real estate owners and developers throughout the United States, U.S. Realty Capital has originated over $5 billion of debt and equity for their clients since 2005. Through their collective knowledge and industry experience U.S. Realty Capital provides comprehensive project analysis and competitive solutions for the unique needs of each client and project.