Mag Mile Capital Finances $32.05 Million for Three Hotels in California and South Carolina

Mag Mile Capital is pleased to announce the firm has arranged financing for three hotel properties including a Holiday Inn Express in South Carolina, a Hampton Inn & Suites in California, and a IHG Select Service Hotel also in California. The loans were originated by Associate Vice President Suraj Desai and serviced and closed by Ian Carlos, Mac Dobson and Heather Madsen, respectively.

Mag Mile Capital Completes $2.15 Million Loan for Self Storage Facility in Colorado Springs

CHICAGO – Mag Mile Capital is pleased to announce that Mac Dobson, senior vice president, has completed a $2,150,000 loan for a self storage facility on behalf of the borrower, HAN Capital, located at 4526 Oro Blanco Drive, Colorado Springs, Colorado. HAN Capital is an experienced storage group with approximately 7,000 units currently under management.

Aries Conlon Capital Rebrands to Mag Mile Capital and Relocates to Willis Tower

CHICAGO – Chief Executive Officer and Principal Rushi Shah is pleased to announce the rebrand of Aries Conlon Capital to Mag Mile Capital. The firm is relocating its Chicago headquarter offices to the Willis Tower and will maintain its presence in the New York, Texas and the Southeast markets. Shah will continue as Principal and CEO of Mag Mile Capital and retain the same sales team, pipeline and national commercial mortgage and investment banking platform moving forward. Neil Freeman and Sean Conlon will remain with their original organizations, Aries Capital, LLC and Conlon and Co respectively, and will have no ownership interest in Mag Mile Capital.

Aries Conlon Capital Closes $9 Million Non-Recourse, CMBS Permanent Loan for Holiday Inn Express in FL

Aries Conlon Capital is pleased to announce that the boutique commercial real estate mortgage and investment banking firm has closed on a $9 million, non-recourse, CMBS permanent loan for the refinance of the Holiday Inn Express Lake Wales N-Winter Haven in Lake Wales, FL.  Aries Conlon Capital Senior Vice President Francisco Nacorda originated the loan on behalf of the hotel’s owner, Dr. Japinder Singh.

Aries Conlon Capital Arranges $1.9 Million CMBS Permanent Loan for Storage, Office, Warehouse Flex Space in MI

Aries Conlon Capital is pleased to announce that the firm has closed on a $1.9 million, non-recourse, CMBS permanent loan for Security Storage. The site includes 361 storage units, and approximately 17,000 square feet of office/warehouse flex space located at 1650 Barlow Street in Traverse City, Michigan.  Aries Conlon Capital Senior Vice President Mac Dobson, based in Ann Arbor, Michigan, arranged the financing on behalf of the property’s owner, Jim Harvey.

Aries Conlon Capital Closes $10.15 Million Loan for FL Best Western Hotel

Aries Conlon Capital has closed on a $10.15 million, non-recourse, CMBS permanent loan with significant cash out for the Best Western Castillo Del Sol in Ormond Beach, Florida.  Senior Vice President Francisco Nacorda originated the loan for the 147-key limited services hotel and Associate Vice President Prabhat Jayara and Vice President Heather Madsen managed the processing and closing.

Aries Conlon Capital Closes $22 Million in Hotel Loans in OR, CT and AL

Aries Conlon Capital is pleased to announce that the national commercial real estate mortgage and investment banking firm has closed on a $5.7 million permanent loan at a below-market 4.3% interest rate for a Holiday Inn Express in Ontario, Oregon; a $7.5 million, interest-only bridge loan for the leasehold portion of the Radisson Hotel Cromwell in Cromwell, Connecticut; and an $8.8 million, non-recourse, CMBS permanent loan for a Hampton Inn in Gulf Shores, Alabama. The loans were originated and placed by Aries Conlon Capital’s Principal and CEO Rushi Shah and Senior Associate Suraj Desai, on behalf of three separate borrowers.  Associate Vice President Prabhat Jayara and Vice President Heather Madsen managed the underwriting and closings.

Aries Conlon Capital Arranges $9.9 Million in Non-Recourse CMBS Loans for Best Western Plus Hotels

We are pleased to announce that Aries Conlon Capital has closed on two, non-recourse CMBS permanent loans totaling $9.9 million for Best Western Plus hotels in Washington and California.  The loans were arranged on behalf of two separate borrowers.  Aries Conlon Capital Associate Suraj Desai originated the loans and Principal & CEO Rushi Shah negotiated the financing structure and helped place the loans.  Associate Vice President Prabhat Jayara and Vice President Heather Madsen managed the underwriting and closing.

Aries Conlon Capital Arranges Three Non-Recourse, CMBS Permanent Hotel Loans for Hampton Inn and Others in GA, MS and OR

Aries Conlon Capital is pleased to announce that Principal and CEO Rushi Shah has closed on three non-recourse, CMBS permanent loans totaling $17.7 million for the refinance of a Hampton Inn in Kingsland, Georgia, a Quality Inn in Biloxi, Mississippi and a Ramada Inn in Portland, Oregon.  The financing was arranged on behalf of three separate borrowers.

Aries Conlon Capital Arranges $12.5 Million Bridge Loan for Burr Ridge, IL Crowne Plaza Hotel

Aries Conlon Capital is pleased to announce that Principal and CEO Rushi Shah has closed on a $12.5 million bridge loan for the Crowne Plaza Chicago SW-Burr Ridge hotel near Chicago’s Midway International Airport. The 24-month, interest-only loan was arranged on behalf of borrower, Vega Hospitality Group and features a 63% loan-to-value ratio.

Aries Conlon Capital Arranges $62.4 Million in Non-Recourse Ground Lease Financing for Inner Circle Hotel Portfolio

Aries Conlon Capital is pleased to announce that Principal and CEO Rushi Shah has closed on a $62.4 million, non-recourse permanent loan on behalf of one of Carlson Rezidor Hotel Group’s largest franchisees, Inner Circle Investments, through a large, international investment bank. Shah collaborated with Inner Circle Founder and CEO Joseph G. Gillespie to utilize ground lease financing to arrange the 10-year, interest-only loan to refinance the land under the owner/operator’s six Radisson Hotels in Cromwell, Connecticut; Billings, Montana; Highpoint, North Carolina; Albany, New York; Appleton, Wisconsin and Cheyenne, Wyoming; and one independent, boutique hotel in St. Louis, Missouri.