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$4,250,000 : Hotel & Conference Center, Charlotte, NC
New York based Mercury Capital Corporation, a nationwide bridge lender, is pleased to announce that it has recently funded a two-year $4,250,000 first mortgage secured by a 435-room flagged hotel & conference center, located in Charlotte, NC
"Our borrowers were acquiring this property at auction & had a time of the essence closing," commented Marc Gleitman, President at Mercury Capital. "Our financing not only enabled the buyers to close on their transaction in a very tight timeframe, but also provided for much-needed income enhancing improvements to the subject."
Mercury Capital Corporation, founded in 1989, offers borrowers an immediate financing alternative for short-term needs. Gap/Bridge financing, discounted mortgage buybacks, unpaid tax remittances, foreclosure workouts, bankruptcy resolutions and short fuse opportunity financing are all examples of transactions that can be closed with immediacy. Mercury Capital lends on commercial properties nationwide offering loan amounts ranging from $1,000,000 to $20,000,000.
For more information please contact Mercury at 212.661.8700
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