CHATHAM, NJ—Cronheim Hotel Capital recently secured a $13.7 million loan for a Maryland Hilton Garden Inn.
The fixed loan was placed with one of CHC’s insurance company correspondents, for whom CHC also will provide servicing. The loan is a fully amortizing 20-year fixed-rate financing.
The Hilton Garden Inn offers 155 guest rooms and is situated off the Capital Beltway with access to the Baltimore Washington Parkway. The University of Maryland, Goddard Space Center and several FDA and USDA facilities.