Pisanelli of U.S. Realty Capital secures three loans totaling $22.7 million

The Atlantic Northeast Office of U.S. Realty Capital successfully brokered $22.7 million secured by four New York State properties. Rob Pisanelli of U.S. Realty Capital structured all of the transactions: A $6.7 million acquisition and development loan for two retail shopping centers. The 36,000 s/f center in Canton and the 48,000 s/f center in West Carthage are both anchored by Price Chopper. Other tenants include Family Dollar, Monroe Muffler and Aubuchon Hardware. The loan was placed with a regional bank at 80% loan-to-value. A $6.5 million acquisition loan for the Hampton Inn in East Aurora. The 80 room hotel featuring an indoor pool, fitness center and business center was built in 2003. The loan was placed with a regional bank at 76% loan-to-value. A $9.5 million permanent loan in Verona, secured by a Fairfield Inn & Suites hotel, a Recovery Sports Grill and a Dunkin' Donuts. The 93 room hotel which is part of the Marriott system features an indoor pool, fitness center and business center and was built in 2009. The non-recourse loan was placed with a national bank with a 10 year fixed interest rate and a 25 year amortization. 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.