Hospitality W Minnesota

Liberty SBF closes $2 million hotel loan near Minneapolis

Liberty SBF closes $2 million hotel loan near Minneapolis,ph01

Liberty SBF has closed a first mortgage loan totaling $2.2 million to borrower Mounds View Lodging LLC for the refinance of an AmericInn by Wyndham, a three-story, 69-room, limited-service hotel in Mounds View, Minnesota. The borrower will use the funds to restructure the ownership of the property.

The AmericInn by Wyndham in Mounds View in the Minneapolis MSA opened in 2002. It underwent a $1 million+ renovation in 2018. Connected to Mermaid Entertainment & Event Center, the National Sports Center and various corporate offices, the hotel benefits from both local and regional demand.