Ghoman Group Secures $32 Million Refinance Loan From Nomura For Hotel At 4800 Hoffman Boulevard

The asset involved in this transaction is a hotel located at 4800 Hoffman Boulevard in Hoffman Estates. The loan amount secured for this property is $32,000,000, under a refinance arrangement. The terms of the loan include a 5-year term, interest-only payments, non-recourse structure, and a loan-to-value (LTV) ratio of 65%, facilitating a cash-out refinance.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $32,000,000
• Lender: Nomura
• Borrower: Ghoman Group
• Landlord's Representative: Rushi Shah & Prabhat Jayara - Mag Mile Capital
• Loan Type: Refinance
• Loan Terms: 5 Year term, interest only, non-recourse, 65% LTV, Cash out refinance

The key individuals involved in the deal are Rushi Shah and Prabhat Jayara, who represent the landlord through Mag Mile Capital. Their involvement highlights the brokerage aspect of the transaction, showcasing professional representation in facilitating the refinance for Ghoman Group.