Mag Mile Capital Secures $9.75 Million CMBS Financing for Holiday Inn Indianapolis Airport

Core Insights - Mag Mile Capital, Inc. successfully closed $9.75 million in cash-out CMBS financing for the Holiday Inn at Indianapolis Airport, enhancing the property's financial stability and operational excellence in the Indianapolis market [1][3][5] Financing Details - The financing was structured with a 60% loan-to-value (LTV) ratio, a 5-year loan term, and a 30-year amortization schedule, with the loan closing in May 2025 [2][6] - The loan was provided by a large New York-based non-bank lender, highlighting Mag Mile Capital's strong relationships in the capital markets [2][6] Strategic Importance - The transaction allows the property owner to maximize cash flow and supports the addition of a Bar Louis restaurant in the hotel lobby, reflecting the value added to the asset [4][5] - Rushi Shah, Chairman and CEO, emphasized the importance of long-term relationships with commercial real estate clients, which leads to repeat business and effective capital recycling for growth [5][7] Company Overview - Mag Mile Capital is a boutique commercial real estate mortgage banking firm with a national platform, specializing in various financing solutions across all major real estate asset classes [7] - The firm has collectively closed over $9 billion in real estate financing during its personnel's combined 32 years of experience in the industry [7]