PMZ Realty Capital LLC, a national boutique real estate investment banking firm, has arranged a $10-million-dollar long-term fixed-rate loan at a favorable rate for the Home2 Suites by Hilton in Lexington Park, Md. The loan has a low fixed interest rate for a period of 10 years and was completed relatively quickly.
“This fixed rate loan offers our client the ability to leverage their cash flow with more advantageous terms,” stated 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 Home2 Suites by Hilton hotel that PMZ has been able to finance in the last 30 days.”
The 100 studio and one bedroom suites 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 this extended-stay hotel.