CHICAGO— Prudential Mortgage Capital Co., a unit of The Prudential Insurance Co. of America, has originated an $8.7 million commercial mortgage loan for its conduit to RSV Twinsburg Hotel Ltd. The loan is secured by the 142-room, full-service Hilton Garden Inn-Cleveland/Twinsburg, in Twinsburg, OH. Built in 1999, the property has 93,365 square feet of space. The 10-year-term loan has a 25-year amortization schedule at an interest rate of 8.05%. Melissa Franklin served as Prudentials mortgage originator; Steve Sweress of Pinnacle Financial Group, Cleveland, OH, advised on the financing.
Previous ArticleE&O Hotel Penang Signs With Utell
Next Article Homewood Suites Opens First New Hotel Prototype