US EditionMag Mile Capital Arranges $13M CMBS Loan for Central Texas Hotel
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Mag Mile Capital Arranges $13M CMBS Loan for Central Texas Hotel
HARKER HEIGHTS, TEXAS — Mag Mile Capital, a Chicago-based commercial mortgage banking firm, has arranged a $13 million CMBS loan for the Hampton Inn Harker Heights hotel in Central Texas. The select-service hotel is located north of Austin and just outside the city of Killeen. The 10-year, nonrecourse loan carried a fixed interest rate of 7.5 percent, a 65 percent loan-to-value ratio and a 30-year amortization schedule. The borrower and direct l…
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