Location: Milwaukee, WI
Loan Amount: $7,700,000
Interest Rate: L + 575
Term/Amortization: 2 years / I/O
Loan to Value: 75%
Purpose: The loan was utilized to provide more time for the property to ramp up after recent renovation. The property is 107-rooms and was built in 1987 and went through Hampton's "Forever Young" PIP in 2017 and benefits from good visibility along Interstate 41, where over 60,000 vehicles pass by the property on a daily basis.