Aries Conlon Capital Arranges $8.875 Million Loan for Salt Lake City Hotel Refinance/Conversion

Aries Conlon Capital is pleased to announce that Principal and CEO Rushi Shah and Associate Suraj Desai have arranged an $8.875 million, non-recourse bridge loan for the refinance and conversion of a select-service hotel at 200 N. Admiral Byrd Road near Salt Lake City’s International Airport to a full-service Four Points by Sheraton Marriott hotel.  The two-year, interest-only loan includes an option to extend one additional year and was secured on behalf of Boise, Idaho-based TNB Hotels.

Aries Conlon Capital Arranges $13.7 Million to Finance Note Purchase for The Seasons Student Apartments

Aries/Conlon Capital is pleased to announce that the firm has arranged a $13.7 million bridge loan to finance the purchase of a note for The Seasons at Tucson www.seasonsattucson.com. The 500-bed student apartment community is located at 811 E. Wetmore Road in Tucson, Arizona, just off the campuses of both The University of Arizona and Pima Community College. Aries/Conlon Capital Principal and COO Tom Reckley arranged the financing on behalf of the Chicago-based borrowers, Brett Pezzuto and Christian Pezzuto.

Aries Conlon Capital Arranges $7.25 Million CMBS Permanent Loan for Four Points by Sheraton in IN

Aries/Conlon Capital has arranged a 10-year, fixed rate CMBS permanent loan in the amount of $7.25 million on behalf of Pandey Hotel Corporation to refinance the Four Points by Sheraton located at 600 Cumberland Avenue in West Lafayette, Indiana. The loan features a high loan-to-value and a 25-year amortization. Aries/Conlon Capital CEO Rushi Shah originated the deal.