$7.5 MILLION LOAN SECURED FOR FLORIDA HOTEL

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NORTH BAY VILLAGE, FLA. — Stephen Wechsler of Thomas D. Wood & Co. secured $7.5 million in financing for the Inn on North Bay, a 119-room Best Western Hotel and Shuckers Restaurant located at 1819 79th St. Causeway in North Bay Village. The 5-year loan was financed through a local bank at a fixed rate of 6 percent with a 25-year amortization. The loan will be used to renovate the 41-year-old property.

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