Hyde Park CG Closes a $2,435,580 Commercial Real Estate Loan for the Acquisition and Property Improv

Hyde Park CG closes $2.43MM Hotel loan in 2 Weeks (PRWEB) October 13, 2012 Hyde Park CG, a Cincinnati based commercial real estate advisory firm, is pleased to announce the closing of a $2.43MM loan for the acquisition and renovation of a 193 room full service hotel in Greensboro, North Carolina. The loan was arranged through a private equity fund that focuses on hospitality transactions. The loan featured an interest only term through renovation, with a fully amortizing loan structure upon completion of the property improvement plan. The proceeds exceeded 74% Loan to Cost inclusive of the
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