Hampton Inn Loan (Peoria, IL)


WHP provided a $4mm 1st mortgage on a newly constructed Hampton Inn in Peoria, IL located next to the Shoppes at Grand Prairie Mall. The property was in the initial stages of its operating history having just recently opened for business. Because of this, the asset did not have the operating history to attract conventional financing in the market. WHP provided a bridge loan to the borrower.

hamptoninn.hilton.com

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