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Minneapolis’ North Loop Hewing Hotel Refi’d
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NKF Capital Markets arranged $23 million in refinancing for Hewing Hotel in Minneapolis. Ben Greazel originated the four-year, non-course loan on behalf of the borrower, an experienced sponsor with a long track record of success. Greazel secured the financing with Chicago-based Alliant Credit Union.
Hewing Hotel, which opened in 2016, was co-developed by Chicago-based Aparium Hotel Group, which also owns and manages the hotel. Located at 300 N. Washington Ave., the century-old brick-and-timber warehouse in Minneapolis’s historic North Loop neighborhood has been reshaped into a unique, 124-room and 14-suite hotel. The property features original pine timber beams, local artwork; a fitness center; rooftop bar, spa pool and sauna and a street level, flagship restaurant, Tullibee.
“Hewing Hotel’s unique design, combined with Aparium’s expertise at hospitality management, resulted in a tremendous opening success that made this financing possible,” said Greazel.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
