PMZ Realty Capital LLC, a national boutique real estate investment banking firm, has arranged leasehold acquisition financing for the Holiday Inn Charleston-Riverview located in Charleston, SC. A regional bank provided the $13.5 million acquisition loan for the property.
“PMZ evaluates every single deal to determine what type of lender to approach for the project,” said Michael Sonnabend, co-CEO, PMZ Realty Capital. “Having done more than 10 deals with this sponsor and having a relationship with the regional bank allowed us to secure favorable terms and get the deal done within current market conditions.”
The 14-story, 157-room Holiday Inn Charleston-Riverview is located off Savannah Highway and overlooks the Ashley River. The property is three miles from the Charleston Cruise Terminal and 10 miles from Charleston International Airport. Nearby attractions include the South Carolina Aquarium, Fort Sumter, Magnolia Plantation and Gardens, Charleston City Market and the USS Yorktown.
Hotel amenities include an outdoor pool, 1,200 sq. ft. of meeting space, a newly renovated fitness center, a 24-hour business center and the on-site Harborview Restaurant located on the 14th floor providing panoramic views of the Charleston cityscape and harbor.
