(PRWEB) April 29, 2013
Hyde Park Commercial Group, a Cincinnati based advisory firm, is pleased to announce the closing of a $5,800,000 loan for a 143 room hotel in Rochester, Minnesota. The loan was arranged through a specialty lender, and allowed the ownership, Bayridge Properties International, loan proceeds to conduct a substantial renovation for their planned conversion of the property from an America’s Best Value to a Wyndham Garden Inn.
Bayridge Properties International is an owner, sponsor, and manager of a diverse hotel and commercial real estate portfolio. BPI has over 75 years of combined experience in hospitality and commercial real estate. The funding of this transaction provides the capital for a significant remodel of the hotel as the hotel converts to an upgraded Wyndham Garden Inn.
Hyde Park CG 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.