MALIBU, Calif., March 8, 2017 /PRNewswire/ -- Vista Capital Company announced that it recently closed $9,300,000 of financing for the Hampton Inn & Suites located in Munster, Indiana. "Vista has now financed a dozen hotels in Indiana over the last six years," said Zak Selbert, founding principal at Vista Capital. Vista's focus continues to be centered on the hospitality industry and this financing further cements their dominant position as a capital intermediary in this niche market.
Vista was able to negotiate highly favorable, non-recourse, fixed-rate financing for the property. The 10-year capital will be used, in part, to fund a PIP that is nearly complete. The financing was awarded to a European-based investment bank after a competitive bidding process that is central to Vista's capital-raising strategy.
Opened in 2004, the Hampton Inn is a 91-room hotel, located only 25 miles from Chicago. Munster, Indiana is a wealthy suburb with a top-ranked school system and a variety of demand drivers. The hotel will benefit from a combination of an extensive renovation and significant development nearby.
About Vista Capital Company
Vista Capital Company is a Los Angeles-based, real estate investment banking firm that specializes in arranging financing for commercial property nationwide. As a real estate capital intermediary, Vista procures tailored capital solutions for their clients through a comprehensive platform of services. Vista ensures that their clients are capable of seizing opportune advantage based upon accurate and smartly synthesized real-time intelligence of available capital.
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SOURCE Vista Capital Company