Wednesday, August 20, 2008

United Financial of America Brokers $11.625M Loan for Homewood Suites in Denver

ORLANDO, FL--Michael J. Daspin, President of United Financial of America, Inc. secured financing in the amount of $11,625,000 for the Homewood Suites situated at 4210 Airport Way, Denver, Colorado 80239.
The loan was financed through a national lending institution at a floating rate of 342 basis points over 90-day LIBOR adjusted monthly. The loan term is 5 years with a 25 year amortization and a loan to value of 75%.

The Homewood Suites is a 117 guest suite facility with an indoor pool and spa, fitness center, and business center. It opened in August 2008. The Homewood Suites is located in the Gateway Park at the Denver International Airport.

United Financial of America, Inc. is an independently owned leading commercial mortgage brokerage firm located in Orlando, Florida.

Since 1976, United Financial of America, Inc. has been providing financial services to industry corporations and real estate developers.

United Financial’s activities are national in scope, and include acquisition, development, construction, and permanent financing for such diverse projects as shopping centers, apartments, office buildings, hotels/motels, office/warehouse complexes and various types of medical facilities.

CONTACT: Michael J. Daspin, United Financial of America, Inc., Suite 1230, 200 East Robinson St., Orlando, FL 32801. 407.423.5901. 407.422.6932 ( fax)
unitedfinancial@bellsouth.net

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