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Commercial Real Estate Loan Department - Hotel Loans & Financing
The CORUS BANK, N.A. Commercial Real Estate Loan Department's portfolio includes over $130 million of hotel loans. Most of these are one to two year construction loans which automatically roll over into 3-5 year mini-perms.
The CRE has enabled hoteliers to build many different types of hotels including full service Marriots and Crowne Plazas, extended-stay properties such as Residence Inns by Marriott and Homewood Suites, and limited service products such as Courtyard Inns, Fairfield Inns, Hampton Inns, Hampton Inns and Suites, Wingate Inns, Super Eight Hotels and Microtels.
These hotels are located not only in the Chicago area and other Midwestern states such as Michigan, Ohio and Minnesota, but also in states as far South and East as Georgia and as far West as Arizona.
The CRE also offers bridge loans for properties that are not yet stabilized and conduit loans for Hotels that have an established and stabilized cash flow. For more information:
Dave Ploger by phone at 773-388-4976 or
email at David_Ploger@corus.ccmail.compuserve.com
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