Hospitality Funding Inc. Arranges $20 Million Loan for the Acquisition of the Burr Ridge Marriott Hotel

Hospitality Funding Inc. | February 25, 2016

Firm secures attractive financing terms on 5-year mortgage New York, NY and Palm Beach, FL – (Feb. 25, 2016) — Hospitality Funding Inc., a Palm Beach-based boutique financial advisory firm, has facilitated a 5-year, $20.00 million loan for the acquisition of the Marriott Burr Ridge in Burr Ridge, Illinois. The fixed-rate loan is secured by the 184-room hotel with over 10,000 square feet of meeting space at 1200 Burr Ridge Parkway. The equity was capitalized with an overseas investor and Interstate Hotels & Resorts will manage the hotel. The Burr Ridge transaction is the first closing since Hospitality Funding formed a s...