Pisanelli of U.S. Realty Capital arranges $8.625 million for two properties

The Atlantic Northeast office of U.S. Realty Capital brokered $8.625 million secured by two properties. Rob Pisanelli of U.S. Realty Capital structured and closed the transactions. The first was a $4.225 million permanent mortgage for an 86 room Holiday Inn Express in Rochester. The hotel was originally constructed in 1985 and in 2006 the hotel was completely renovated and converted from a Wellesley Inn to a Holiday Inn Express. The loan was placed with a local bank at a fixed-rate of 5.79% and 70% loan-to-value. The other transaction was a $4.4 million permanent loan for a Price Chopper supermarket in Vails Gate. The 61,500 s/f store recently went through a major upgrade including the addition of a pharmacy. The loan was placed with a regional bank at a 10 year fixed rate of 5.05%, sized at 78% 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.