Hyde Park Capital Group Closes $4,500,000 Term/Rehab Loan for St. Louis Multi-tenant Office Property
Hyde Park Capital Group closes 4.5MM commercial real estate loan secured by Multi-tenant Office Property
Cincinnati, Ohio (PRWEB) October 30, 2009 -- Hyde Park Capital Group, a leading Cincinnati based commercial mortgage banker, is pleased to announce the closing of a $4,500,000 term and renovation loan for a 146,325 rentable square feet commercial office property located in St. Louis, Missouri. The loan was based upon 70% as-is loan to value which featured a 12-month interest only construction draw period followed by permanent financing fixed for 3 years. The construction portion provided $2,250,000 in renovation proceeds for a new parking structure. The loan was secured through Hyde Park Capital Group's relationship with a local Springfield, IL, bank and carried an attractive Prime+ spread interest rate.
Of Hyde Park Capital Group, "It is been a pleasure working with you. You guys came through for us after several of the top mortgage brokerages in the US failed to get us a loan. We look forward to working with you again!" -- Alex, 9666 Partners, LLC.
Hyde Park Capital Group represents a broad range of capital sources from private to regional and national banks. Hyde Park focuses on debt placement for improved commercial real estate properties nationwide. Hyde Park Capital Group is also actively focused on commercial loan acquisitions and distressed debt opportunities.
For more information visit: www.hydeparkcg.com. Hyde Park Capital Group has offices in Cincinnati, Atlanta & West Palm Beach and can be reached at 513.792.2940.
# # #
Post Comment:
Trackback URL: http://www.prweb.com/pingpr.php/U3VtbS1TdW1tLU1hZ24tSG9yci1Qcm9mLUNvdXAtWmVybw==
Bookmark -
Del.icio.us |
Furl It |
Technorati |
Ask |
MyWeb |
Propeller |
Live Bookmarks |
Newsvine |
TailRank |
Reddit |
Slashdot |
Digg |
Stumbleupon |
Google Bookmarks |
Sphere |
Blink It |
Spurl
|
