Hyde Park Commercial Group Arranges $1,505,000 CRE Loan for Office Property

CINCINNATI, Dec. 2, 2014 /PRNewswire/ -- Hyde Park Commercial Group, a real estate advisory firm, is pleased to announce the closing of a $1,505,000 loan secured by a 12,540 sq. ft. commercial office property. The owner of the property was also the majority tenant, and with a soon to be maturing loan, the owner sought to replace the existing lender and take advantage of historically low rates.  Hyde Park worked with a regional bank to replace the loan and provide some cash out to the borrower.  The loan featured a fixed 4.65% interest rate for 60 months and a 20 year amortization.

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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 Commercial Group focuses on debt placement for improved commercial real estate properties and business finance transactions nationwide.

For more information visit: http://www.hydeparkcg.com.

Contact:
Daniel Redlinger
Hyde Park CG
513.792.2940.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hyde-park-commercial-group-arranges-1505000-cre-loan-for-office-property-300003076.html

SOURCE Hyde Park Commercial Group

Related Links

http://www.hydeparkcg.com