Brown Gibbons Lang & Company Completes $16.3M Loan For Two Wyndham Hotels In Ohio And Indiana

The asset involved in this transaction consists of two Wyndham-branded hotels, located at 35600 Detroit Road in Avon, OH and 13500 Tegler Drive in Noblesville, IN, featuring a total of 245 keys across both properties. The loan amount secured for this refinancing and restructuring was $16,300,000.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $16,300,000
• Lender: American Bank
• Landlord: Brown Gibbons Lang & Company (BGL)
• Keys: 245
• Address: 35600 Detroit Road & 13500 Tegler Drive
• Market: Avon, OH & Noblesville, IN

Brown Gibbons Lang & Company advised the ownership group on refinancing and restructuring the hotels, securing bridge financing and preferred equity to address maturing debt. This financing package included strategies supported by Ceres Enterprises to retire construction and SBA 504 debt while extending multi-year operational capital for the hotels.