Mag Mile Capital Completes $7.4 Million Loan For Holiday Inn Express In Thriving Texas College Town Of San Marcos

Mag Mile Capital announced that Mike Taylor [email protected] , SVP of Originations, finalized a loan for $7,475,000 to refinance a four-story, 106-room Holiday Inn Express in the riverfront town of San Marcos. Well-positioned within the Austin and San Antonio Highway Corridor, the hotel is a popular destination in an idyllic college town that was declared by Forbes Magazine in 2019 as the Best Place to Retire in Texas. Mag Mile Capital is a boutique 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 property.