Bushkill Inn & Conference Center
LOAN DETAILS
Location
Bushkill, Pennsylvania
1st Mortgage
$ 3,668,000
Term
25 years
2nd Mortgage
$ 2,200,000
Term
20 years
Jobs
100
History
The existing lender could not finance the construction on this resort. Without the FMLP Program, the current lender’s exposure, due to FDIC regulations, would have prevented them from doing this loan.
The Bushkill Inn & Conference Center is located in the beautiful Pocono Mountain Region of Pennsylvania directly across from the famous Bushkill Falls. For 75 years, prior to 2010, the Bushkill Inn functioned as the Pocmont Resort. In 2010 it was sold to the new owners of Bushkill Inn & Conference Center, Isaac Greenwald, Nick Leiman and Yehuda Margules, who renovated the existing facility.
The Bushkill Inn & Conference Center operates as a high-end resort and conference center year-round and offers the complete resort experience along with a banquet facility and meeting and retreat facilities to the general market. The Bushkill Inn’s newest addition will be, through its affiliation with Greenwald Caterers, capabilities to serve the nearby Jewish market by providing kosher cuisine and services.