Berkadia, a leading commercial real estate services and investment firm, recently secured financing for WoodSpring Suites Charlotte – University Research Park in North Carolina. The extended-stay hotel, featuring 122 rooms with full kitchens and premium bedding options, was built in 2021 and is located just minutes from major universities and business districts.
Led by Michael Weinberg of Berkadia’s team, the financing was secured through KeyBank on behalf of the sponsor Liberty Investment Properties based in Orlando. The $10 million loan provided by KeyBank is a five-year fixed rate CMBS loan with competitive interest rates and a full-term interest-only period. This transaction marks the beginning of Liberty Investment Property’s new long-term income fund focused on income-producing extended-stay hotels.
Conveniently situated at 7007 MacFarlane Boulevard near I-85, WoodSpring Suites Charlotte offers easy access to popular destinations such as University of North Carolina Charlotte and Atrium Health University City. It also provides quick commute times to Uptown business district as well as various offices and research parks nearby.
This successful financing deal showcases Berkadia’s expertise in securing favorable terms for their clients’ commercial real estate investments while supporting growth opportunities for companies like Liberty Investment Properties.
