Chicago, Illinois – NXT Capital announced today that it provided a $32 million first mortgage loan to finance the acquisition of three hotels located in the metro Dallas area.
Hotel amenities include a business center, outdoor pool, fitness center, basketball court, 24 hour on-site convenience store, complimentary daily cooked breakfast and evening manager’s reception and meeting space.
NXT Capital’s Real Estate Finance group primarily serves experienced real estate investors. It provides non-recourse first mortgages of $10 million to $40 million for major-market properties with initial DSC greater than 1.0X. NXT Capital provides structured financing solutions through its Real Estate Finance and Corporate Finance groups, originating transactions on a national basis.