Hyde Park CG closes $1,500,000 renovation loan for Conference Center

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Hyde Park Commercial Group arranges $1.5MM in renovation funds for a Columbia, South Carolina Hotel Conference Center

Hyde Park CG, a Cincinnati based advisory firm, is pleased to announce the closing of a $1,500,000 loan for the renovation of a Columbia, SC historic building. The loan was arranged through a specialty lender and allowed the ownership, Sejwad Hotels, loan proceeds to conduct a substantial renovation of the historic property to a first class downtown Columbia, SC conference center.

Sejwad Hotels is an owner and manager of a several premium hotel and commercial real estate properties in South Carolina. The funding of this transaction provides the capital for a significant remodel of the historic property which includes energy efficiency upgrades, banquet and ballrooms, meeting space, and first class amenities. The conference center will be affiliated with the Downtown Columbia Sheraton Hotel, also a Sejwad Hotel property, and will be named the ‘Sheraton Conference Center’. Renovation of the property is expected to be complete in 4 months, and available for events in late October 2013.

Hyde Park Commercial Group arranges capital through a broad range of capital sources from private investors to regional and national banks. Hyde Park focuses on debt placement for improved commercial real estate properties and corporate transactions nationwide.

For more information visit: http://www.hydeparkcg.com. Hyde Park CG can be reached at 513.792.2940.

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Daniel Redlinger
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