Eli Weisblum & Paul McCormick Secure $8.98M Refinance Loan For Shelby, NC Hotel
1715 East Dixon Boulevard
Hotel
Financed 1 year ago
Summary
The hotel property located at 1715 E Dixon Blvd in Shelby, NC has undergone a loan refinance transaction. The property comprises 86 keys and is represented by Eli Weisblum & Paul McCormick of Ariel Property Advisors.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $8,975,000
- Loan Type: Refinance
- Loan Terms: 65-percent LTV, five-year term with a five-year option, fixed rate of 4.5 percent interest
The refinance deal was successfully facilitated with a loan amount of $8,975,000. The loan terms include a 65-percent loan-to-value (LTV) ratio, a five-year initial term with a five-year option, and a fixed interest rate of 4.5 percent. Eli Weisblum & Paul McCormick of Ariel Property Advisors played a crucial role in representing the parties involved in the transaction.
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1715 East Dixon Boulevard
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