News Column

NorthStar Income II Originates Senior Loan Secured by Full-Service Hotels

September 12, 2014

By a News Reporter-Staff News Editor at Real Estate Weekly News -- NorthStar Real Estate Income II, Inc. (NorthStar Income II) announced that it originated a $45.75 million senior loan secured by a portfolio of three full-service hotels in Florida and Pennsylvania. The loan term is 36 months with two one-year extension options available.

"We are pleased to announce the closing of NorthStar Income II's latest investment," said Daniel R. Gilbert, chief executive officer and president. "We continue to source new investment opportunities and diversify the NorthStar Income II portfolio through investments backed by strong sponsors with proven track records across geographic locations."

Keywords for this news article include: NorthStar Real Estate Income II, NorthStar Real Estate Income II Inc., Real Estate.

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Source: Real Estate Weekly News

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