New Dual-Branded Hilton Garden Inn and Homewood Suites in Columbus, Ohio
ATLANTA (PRWEB)
Leisure Financial Group (“LFG”) is pleased to announce the closing of a $26,250,000 development loan for a new dual-branded Hilton Garden Inn and Homewood Suites hotel in Columbus, Ohio. John Evans, Managing Director of LFG (jevans@leisurefinancialgroup.com) led the effort to structure and arrange a development loan to complete the project. Additionally, CPACE funding was part of the overall capital plan for construction.
According to Evans, “Working with the client, LFG was able to structure and arrange a construction mini-perm loan that allowed the client to begin construction in the Easton Town Center area of Columbus Ohio.” Evans further stated, “The new dual-branded Hilton hotels will be an excellent addition to the region by providing quality hospitality services for business travelers and vacationing guests who visit nearby restaurants and world-class shopping in the Easton Town Center.”
LFG is an experienced brokerage firm that structures, arranges, and services, loans in the real estate industry specializing in traditional assets in commercial real estate as well as specialty assets such as Hotels, Resorts, Golf Facilities, and Marinas. LFG provides clients access to Capital from a wide variety Banks, Life Insurance Companies, CMBS, and private lending groups. LFG’s executive team has over 40 years of experience in real estate lending and has generated over $5 Billion in loan originations since 1990.