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Suraj Desai's Black Bear Capital Partners Secures $17M Refinance Loan For Inn Of Chicago Hotel

162 E. Ohio Street
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This Hotel property located in IL received a loan of $17,000,000 over 1 year ago. The broker of the deal was Suraj Desai

The Inn of Chicago Hotel, located on Magnificent Mile in Chicago, IL, has secured a $17,000,000 refinance loan. The hotel spans 359-keys and is situated on 162 E. Ohio Street. This 3-year floating rate loan offers full-term interest-only payments.

Summary of transation details

  • Property Type: Hotel
  • Transaction Amount: $17,000,000
  • Address: 162 E. Ohio Street, Chicago, IL
  • Loan Type: Refinance
  • Loan Terms: 3-year floating rate loan with full-term interest-only payments

Suraj Desai from Black Bear Capital Partners represented the property owner in securing the loan.

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Deals
  • Location
    162 E. Ohio Street chi162 E. Ohio Street chi
  • Loan Value
    $17,000,000$17,000,000
  • Asset Type
    HotelHotel
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Suraj Desai

Suraj Desai

Deals33
Financed$711.8M

Agency

Black Bear Capital Partners

Black Bear Capital Partners

Agency
Deals294
Volume$6.3B

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Deal Summary

LOAN IMAGE: Suraj Desai DATE: 09/02/2022 ADDRESS: 162 E. Ohio Street MARKET: Chicago, IL ASSET TYPE: Hotel BROKER: Suraj Desai - Black Bear Capital Partners (@BlackBearCapitalPartners) LOAN AMOUNT: $17,000,000 LOAN TYPE: Refinance LOAN TERMS: Located on Magnificent Mile in Chicago, the Inn of Chicago Hotel, spanning 359-keys, was financed with a 3-year floating rate loan and full-term interest-only payments.

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162 E. Ohio Street

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