H&S Properties Development Corp Secures $55M Loan For Hotel Portfolio In Maryland With Lender Access Point Financial

The asset involved in this transaction is a four-hotel portfolio located in Aberdeen and Baltimore, MD. The portfolio includes 546 keys and is classified as a hotel asset. The loan amount secured for this portfolio is $55,000,000, provided by Access Point Financial to refinance existing debts and support capital improvements.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $55,000,000
• Address: 830 Long Drive & 625 South President Street
• Market: Aberdeen & Baltimore, MD
• Lender: Mike Lipson - Access Point Financial
• Landlord: H&S Properties Development Corp
• Loan Details: Floating-rate loan with a 4-year term and a one-year extension available
• Keys: 546

This refinancing transaction supports debt restructuring and capital enhancements in the hospitality sector. Mike Lipson acted as the lender representing Access Point Financial, focusing on delivering flexible financing solutions for hospitality sponsors.