Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Cohen Financial’s Bronkema Lines Up CMBS for Michigan DoubleTree
Cohen Financial Managing Director Cathy Bronkema arranged a $12-million CMBS loan for the refinance of a 149-unit DoubleTree by Hilton hotel located in Port Huron, MI. Bronkema secured a 10-year term loan with a 30-year amortization schedule.
The borrower/owner is JB Real Estate Development Company, owned by John Wheeler and Robert Shermer.
“Lenders continue to offer favorable loan terms for hospitality, whether the property is flagged or unflagged,” said Bronkema.
“Cathy Bronkema was instrumental in sourcing the right capital partner and structuring this transaction to meet our refinancing needs,” stated Wheeler.
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
Subscribe to Connect Daily Chicago