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Greek Peak Mountain Resort
Greek Peak Mountain Resort Receives Construction Funding for Hope Lake Condo/Hotel and Indoor Waterpark Project
September 5, 2008 Greek Peak Mountain Resort has received its construction funding for its Hope Lake Lodge and Indoor Waterpark Resort. The funding total is $33 million and provides the necessary financing for the new resort facilities scheduled to open in the fall of 2009. Corporate Fuel Advisors, LLC was an advisor to the project financing. The quarter share condominium/hotel construction loan package of $23 million is provided by a consortium of banks which include Tennessee Commerce Bank (TCB), Nashville, TN as lead bank, with M&T Bank, Binghamton, NY administering the loan. Other participating lenders include Mid Atlantic Financial Partners, a Credit Union Service Organization from Germantown, MD. $9.5 million in equity has been provided by local and regional investors. Greak Peak Mountain Resort is Central NY's largest ski resort with over 50 years of operation. For more information, please contact Sam Ticknor at Corporate Fuel Advisors, 212-260-2743 x119, sam@corporatefueladvisors.com |
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