Project Features: Mezzanine Financing Request for PIP $20,000,000 Mezzanine Loan 7.25% Fixed Rate on 25-year amortization The client, a publicly traded REIT, approached RPC with a need to obtain capital for an upcoming Property Improvement Plan (PIP) of their 549-room Hilton Hotel that was far in excess of the amount of money that the first […]
Hilton Hotel | San Francisco, CA Read More »
Project Features: Financing for Acquisition and Conversion $15,200,000 Non-Recourse Permanent Loan RPC closed $15,200,000 in permanent financing for the Courtyard by Marriott and The Inn at Wilmington, two hotels situated on a single tax parcel located in Wilmington, Delaware. The interest rate was fixed at 315 basis points over the ten-year treasury and the underwritten
Marriott and Holiday Inn | Wilmington, DE Read More »
Project Features: Public Private Partnership $8,000,000 Permanent Loan 10-yr LIBOR Swap Rate with a 25-yr Amortization RPC closed on $8,000,000 in permanent financing for a 60 room Best Western Hotel and 59 room student housing facility situated on a single parcel ground lease adjacent to the Widener University campus, in Chester, PA. The loan was
Best Western Hotel | Chester, PA Read More »
