Terrace Capital announced today that it has secured $7MM in non-recourse, mortgage financing for a portfolio of three Baymont Inn & Suites, limited-service hotels, located in Battle Creek & Kalamazoo, MI.

The portfolio of three properties consisted of 361 rooms located at, 2203 South 11th Street & 6420 Cracker Barrel Boulevard in Kalamazoo, MI and 4725 Beckley Road in Battle Creek, MI.

The proceeds of this $7MM, 65% loan-to-value non-recourse loan were used by the borrower, A&M Hospitality, for the refinance of recourse, local bank renovation de..

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