NEW YORK, NY — Offset Capital is pleased to announce the closing of a $14.2MM floating-rate loan secured by a 232-key hotel in Chantilly, VA.
Proceeds will be used to retire the existing bridge loan, complete the ongoing PIP, fund reserves and cover closing costs.
“This investment underscores Offset Capital's commitment to providing flexible and innovative hospitality financing solutions,” said Adam Frank, Principal for Offset.
The commercial real estate lender offers a range of full capital stack solutions including senior bridge loans, mezzanine financing, and preferred equity investments. With a focus on speed, certainty of execution, and customization, Offset Capital is uniquely positioned to help borrowers navigate the financial challenges of today’s real estate market.
For more information on the transaction, please contact Adam Frank at adam@offsetcap.com or view Offset’s lending capabilities here.