Vista Capital Co. Structures $10.9M of Financing for Homewood Suites in Indianapolis

INDIANAPOLIS — Vista Capital Co. has structured $10.9 million of financing for the Keystone Homewood Suites located in Indianapolis. Vista was able to negotiate non-recourse, fixed-rate financing with pricing below 4.5 percent. The 10-year capital will be used, in part, to fund a large renovation project. The financing was awarded to an affiliate of a European-based investment bank. Homewood Suites is a 116 all-suite, upscale, extended-stay hotel situated on the north side of Indianapolis.