The 10-year loan is funded with a 22.5-year amortization and an interest rate of 8.5%. The loan-to-value ratio is 54.9%. Viru Patel of Sunshine Nationwide Financing was the correspondent in the transaction.
Ramada Limited Suites sits on a 2.15-acre parcel at 357 Lee St. Aries is a Wall Street conduit lender and member of Bankers Capital Group.
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