### Mag Mile Capital Secures $14.5M CMBS Financing for Marriott Rochester Airport
Chicago-based **Mag Mile Capital, Inc.** has successfully closed $14.5 million in CMBS financing for the **Marriott Rochester Airport**, a hotel located in Rochester, New York.
The financing was structured with a **65% loan-to-value ratio**, a **five-year loan term**, and a **30-year amortization schedule** with two years of interest-only payments. The CMBS loan was funded by a large **New York-based investment bank**, with **Prabhat Jayara, Vice President of Originations**, leading the transaction.
“CMBS lending markets are open and taking the lion’s share of loan maturities that are coming up in the commercial real estate market,” said **Rushi Shah, Chairman and CEO of Mag Mile Capital**. “Additionally, many hospitality assets have COVID-era deferred maintenance and Property Improvement Plans to keep up with their brand standards. CMBS loans are filling this important void for assets that need funding for deferred maintenance.”
