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Brokerage
Posted: January 14, 2013
Pisanelli of US Realty Capital negotiates $5.5 million permanent mortgage
The Atlantic Northeast Office of US Realty Capital has brokered a $5.5 million permanent mortgage was obtained for an 83-room Candlewood Suites.
The property opened in September of 2011. The property currently experiences annual occupancy levels over 70% with an ADR over $100.
The loan was arranged with a CMBS lender at a rate of 4.55%.
Rob Pisanelli negotiated the transaction.
U.S. Realty Capital is a national mortgage banking company with eight offices across the country. Providing capital solutions for commercial real estate owners and developers throughout the country, U.S. Realty Capital has originated over $6 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.
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