ARLINGTON, VA—Marcus & Millichap CapitalCorp. has secured a CMBS loan for $25million to refinance the Hampton Inn CrystalCity here. Keith Bauer, a director inMMCC's local office, arranged this loan and a $5.8 million CBMS forthe Holiday Inn Capital Square in Columbus,Ohio.


The $25 million CMBS debt placement has a fixed interest rate of4.76% and a 65% loan to value. The Holiday Inn's $5.8 million CMBSloan's interest rate is 4.8% and a 70% loan to value.


Both loans were maturing and the borrowers wanted to advantageof the lower interest rates and take out equity, Bauer says.


Sound Hospitality provides hotel management services for thehotels.

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