APMC Obtains $11.5M Loan for Tampa HGI Through Neptune
TAMPA, FL, March 03, 2006. American Property Management Corp. has secured $11.5-million in senior financing for its Hilton Garden Inn in Temple Terrace/Tampa, FL. Neptune Hospitality Advisors put together the financing package for APMC.
A national commercial real estate lender provided the five-year, fixed-rate loan, which bears an interest rate of 5.89%. It is also amortized over 30 years.
APMC originally bought the property 14 months ago. In that deal, Neptune arranged the acquisition financing for APMC.
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