$12,000,000 Hotel Loan Closed by Hyde Park Commercial Group

CINCINNATI, Sept. 5, 2014 /PRNewswire/ -- Hyde Park Commercial Group, a real estate advisory firm, is pleased to announce the closing of a $12,000,000 refinance loan for a 295 room newly renovated Crowne Plaza Hotel. The hotel was acquired by a new ownership group in 2012, and thereafter went through an extensive deep turn renovation and rebranding.  With the renovations completed in 2014, the ownership group sought to refinance their acquisition loan and pay off member loans attained during the renovation period.  Hyde Park was able to arrange the full request at an attractive rate & term, and on a non-recourse basis, through an east coast hedge fund.

Photo - http://photos.prnewswire.com/prnh/20140904/143263

Hyde Park CG arranges capital through a broad range of capital sources from hedge funds, life companies, CMBS, private investors, SBA, to regional and national banks. Hyde Park focuses on debt placement for improved commercial real estate properties and business finance transactions nationwide.

For more information visit: http://www.hydeparkcg.com. Hyde Park CG can be reached at 513.792.2940.  Contact Daniel Redlinger.

SOURCE Hyde Park Commercial Group