Red Oak Capital Holdings Closes Loan for Four Points by Sheraton – O’Hare
CHICAGO, IL—Red Oak Capital Holdings announced that the company provided $10 million for the acquisition and refurbishment of Four Points by Sheraton – O’Hare in Chicago, Illinois. Structured under Red Oak’s Core-Plus Bridge Loan program, the non-recourse, interest-only loan was structured with an 18-month initial term and a loan-to-stabilized-value (LTSV) of 54.54 percent. The loan proceeds will be used to fund a portion of the $13-million purchase price and support initial capital improvements. The transaction […]
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