RHF originated a mezzanine loan for a two-hotel portfolio consisting of the 294-room Embassy Suites O’Hare and the 369-room DoubleTree O’Hare. RHF worked closely with a senior lender to offer a single term sheet to the borrower and provide for an efficient close on the entire debt stack. RHF’s in-depth analysis of the properties and the borrower’s business plan allowed for a bespoke financing structure. The properties are well located within the Chicago O’Hare submarket, one of Chicago’s strongest hotel markets outside of downtown. Loan amount: $14,750,000
