The Hayman Company Arranges Fifteen Million Dollar Loan for Lenox Suites Hotel in Downtown Chicago


TROY, Mich., April 26, 2004 (PRIMEZONE) -- The Hayman Company announced today that it has arranged a fifteen million dollar loan for the 325-room Lenox Suites Hotel in downtown Chicago, Ill. The purpose of the loan was two-fold, according to Hayman Company vice-president Andrew Hayman. "Part of the loan was to help eliminate existing debt and the balance is slated to finance a significant renovation project," said Hayman.

The loan was placed with regional Charter One Bank (NYSE:CF) of Cleveland, Ohio. "We were able to secure an extremely favorable floating rate for the Lenox Suites ownership through Charter One Bank," stated Hayman " Charter One's local Michigan office provided expertise and knowledge," he added. The loan was the third placed this year by the Hayman Company through Charter One Bank.

About Charter One

Charter One Bank is based in Cleveland, Ohio and is under Charter One Financial, Inc. Currently, they have over 44 billion dollars in assets under their control. They have over 500 banking branches in Connecticut, Massachusetts, Michigan, Ohio, Illinois, New York, and Vermont. They are a publicly traded company on the New York Stock Exchange under the ticker symbol CF.

They offer a huge assortment of financial services to consumers and businesses alike. This includes checking, savings, online banking, money markets, consumer loans, mortgage loans, investments and insurance. Charter One Mortgage Corporation handles their mortgage requests.

Charter One offers their consumers a wide assortment of mortgage programs and services. This includes fixed rate loans, adjustable rate mortgages, and no-closing-cost loans. They allow their consumers to apply online, on the phone, or in person, depending on which state you live in. See: (www.charteronebank.com).

About Hayman Company

The Hayman Company is one of the nation's largest privately owned real estate companies providing management, leasing, brokerage, advisory and real estate accounting services to both institutional and private investors. In addition, Hayman owns and manages apartment, office, retail and hotel properties throughout the United States. The Hayman Company was founded in 1965. For more information please visit: (www.haymancompany.com).



            

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