Cornerstone Capital Secures $5M Refinance Loan For Bethlehem, NH Hotel

The property involved in the transaction is a hotel located at 1108 Main St in Bethlehem, NH. The hotel consists of 56 keys and is situated on a 15-acre plot of land.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $5,000,000
• Loan Type: Refinance
• Loan Terms: 25 year fixed

The landlord of the hotel is Izzy Matson. The brokers involved in the deal are Russell Nova, Omry Azarzar, and Igor Zakh from CornerstoneCapitalOfNY. The loan amount secured for the refinance is $5,000,000. The loan was obtained through CornerstoneCapitalOfNY, with Omry Azarzar and Igor Zakh handling the file. Additionally, the sponsor received an additional $1.9 million for construction efforts on the property. CornerstoneCapitalOfNY has a dedicated team of underwriters, loan coordinators, credit managers, and advisors working together to ensure a smooth closing process for each file.