Think Beyond the Traditional to Secure Hotel Financing
While banks are more stringent with lending for hotel construction projects, this doesn’t signal a complete halt in development. Private and alternative lending sources, entering secondary and tertiary markets, and eyeing modular off-site building are paving the way for continued hotel development where speed-to-market without sacrificing quality and a quicker ROI are the worthwhile rewards.
Aegis Therapies to Relocate to Far North Dallas
The rehabilitation and wellness service company leased nearly 7,000 square feet of office space in Frisco, Texas. The firm is set to move its corporate headquarters from Plano.
Hall Structured Finance closes $17M construction loan for Arizona Marriott
Hall Structured Finance closed a new first-lien construction loan totaling $17.3 million to finance the development of a 127-room Residence Inn by Marriott in Mesa, Ariz. Suky and Jas Khangura, co-owners of Khangura Hotels, are the project developers.
Initial Deals: HSF, MCR, HREC See Activity
Dallas-based Hall Structured Finance (HSF) has closed a new, $26-million, first-lien loan to finance the construction of the Park James Hotel in Menlo Park, CA.
Hospitality Construction Lending Isn’t Down. It’s Adapting
HALL Structured Finance, the Dallas-based lending branch of HALL Group, has taken full advantage of the mini-vacuum of institutional lender hesitancy.
