HREC ARRANGES $8.5 MILLION LOAN FOR 295-ROOM HOTEL

by admin

ALBUQUERQUE, N.M. — HREC Investment Advisors has arranged senior financing in the amount of $8.5 million for a Doubletree hotel in downtown Albuquerque. The 295-room hotel is owned by an affiliate of American Property Management Corp. HREC procured the 5-year loan at a fixed rate of 7.25 percent through a regional bank.

You may also like