PMZ Realty Capital, a national boutique real estate investment banking firm focused on creating advantageous capital structures for their clients, arranged a $$10-million, long-term, fixed-rate loan for the Home2 Suites by Hilton in Lexington Park, Md. The loan has a low fixed interest rate for a period of 10 years.
“This fixed rate loan offers our client the ability to leverage their cash flow with more advantageous terms,” said Peter Berk, president, PMZ Realty Capital-Hotel Finance Group. “This was a highly sought after deal by lenders who recognized the value of the Home2 Suites brand and the strength of the Lexington Park market. This is the second Home 2 Suites by Hilton hotel that PMZ has been able to finance in the last 30 days.”
The 100-room property is located directly across the street from Patuxent River Naval Air station and close to many government contractors including Lockheed Martin, Boeing, SAIC, Northrop Grumman and BAE. St. Mary’s River State Park and the Chesapeake Bay are minutes away from the hotel.