Stonehill Provides $79.8M Bridge Loan For Hotel Portfolio Acquisition In Ohio, Lombard, Ill, Birmingham, Ala, Westminster, Colo, Syracuse, N.Y., Egan, Minn, Warren, Mich, St. Louis, Memphis, Knoxville, Tenn & Montgomery

A hotel portfolio consisting of 1,432 keys located in Ohio, Lombard, Ill, Birmingham, Ala, Westminster, Colo, Syracuse, N.Y., Egan, Minn, Warren, Mich, St. Louis, Memphis, Knoxville, Tenn & Montgomery in the United States has recently undergone a closed property transaction.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $79,800,000
• Loan Type: Bridge Loan
• Loan Terms: Three-year, floating-rate loan
• Lender: Stonehill - Nick Baer
• Landlord: Churchwick Partners - Jaime Gitler & Asaf Fligelman; Rockledge - David Kaye & Joe Listhaus

The loan amount for this transaction was $79,800,000, provided as a bridge loan. The loan terms included a three-year, floating-rate agreement. Stonehill, represented by Nick Baer, acted as the lender. The landlords involved in the deal were Churchwick Partners, represented by Jaime Gitler and Asaf Fligelman, as well as Rockledge, represented by David Kaye and Joe Listhaus.