Private direct commercial real estate lender Forman Capital has closed on a $20.5 million bridge loan that will enable opening of Hotel Indigo,
Hotel Indigo is a newly completed 112-key boutique hotel located at 940 N. Nunnuhsae Park Drive NW in Huntsville.
The short-term loan refinances a construction loan that the borrower, ViaNova Development, used to build the five-story hotel in the city’s vibrant MidCity District. The property has been granted a certificate of occupancy and is expected to open to guests over the next few weeks. The Indigo features an on-site restaurant, modern meeting space, a fitness center, and is pet-friendly…