Mag Mile Capital Closes $8.88 Million Loan For Dual Branded Hotel And Retail Space Located In Scenic Madison N.C. And Historic Fredericksburg, Virginia
Mag Mile Capital Closes $8.88 Million Loan For Dual Branded Hotel And Retail Space Located In Scenic Madison N.C. And Historic Fredericksburg, Virginia
07/08/22, 7:46 AM
Location
chicago
Money raised
$8.88 million
Mag Mile Capital proudly announced that Francisco Nacorda, SVP of Originations, recently finished a combined $8,888,000 loan for two properties in two states: a Clarion Inn with 194 rooms and Comfort Inn with 75 rooms in Fredericksburg; and a retail property of 173,000 sq. ft. in Madison, with 80% of NOI from National and NNN tenants. Mag Mile Capital is a boutique-sized firm that offers preferred access nationwide to high-leverage, non-recourse, commercial real estate bridge loans and permanent mortgages with cash out for hotels, self-storage, multifamily, industrial, retail, office, and other commercial real estate properties.