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| Home : Condor Hospitality Trust, Inc. Closes $10.0 Million Loan |
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Oct 28
2015 |
Condor Hospitality Trust, Inc. Closes $10.0 Million Loan |
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NORFOLK, NE--(Marketwired - October 27, 2015) - Condor Hospitality Trust, Inc. (NASDAQ: CDOR), a hotel-focused real estate investment trust (REIT), today announced that it has successfully closed a $10.0 million mortgage loan with Huntington National Bank which will be used to refinance an existing loan with Citigroup Global Markets Realty Corp. maturing in November 2015. The new loan has a five year term, a 25 year amortization schedule and an interest rate fixed at 4.13 percent. The loan is secured by four hotels located in Indiana. |
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| Source:http://www.marketwired.com/mw/release.do?id=2067511&sourceType=3 |
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