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CRONHEIM MORTGAGE ARRANGES $7,500,000 FOR
QUALITY INN AND SUITES IN MARYLAND COLLEGE PARK, MD – David Turley, Frank Sullivan, and Anna McGivaren have arranged $7,500,000 in financing for the Quality Inn and Suites in College Park, Maryland. The permanent loan has a 10-year term and a 25-year amortization. Primary demand generators include the adjacent University of Maryland’s flagship campus and its globally-renowned research park M Square, located within ˝ mile of the Subject.
The subject property is located along US Route 1 in College Park, Maryland, a quarter mile south of the University of Maryland campus. US Route 1 is an important regional thoroughfare and commercial corridor, linking the Subject not only to surrounding commercial uses and the University of Maryland, but also Washington DC 6.5 miles to the southwest.
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