What We Provide

Loan Programs

Beyond Traditional Lending

Flexible Capital Solutions for Commercial Real Estate

Our loan programs are designed to provide real estate owners, operators, and developers with alternative capital market solutions for projects that may be underserved by institutional capital markets.

Construction Loan Program

Locations Real estate projects located throughout the United States
Property Types Hotel, multifamily, office, and other select real estate assets
Security First mortgage lien on the subject property and pledge of ownership interests
Loan Sizes $20 million to $200 million
Loan To Cost Ratio Up to 80% LTC for multifamily projects and up to 75% for hospitality and other commercial projects
Non-Recourse Non-recourse, with standard carve out provisions and completion guarantees on construction loans
Loan Term Up to 36-month loan term with extension options
Debt Service Interest only
Reserves Real estate taxes, insurance and replacement reserves, standard reserve plus interest reserves
Closing Time 60-90 days from application and deposit remittance
WHAT YOU NEED TO KNOW

Frequently Asked Questions

  • What are HALL Structured Finance's loan terms?

    Construction loans range from $20 million to $200million, with loan-to-cost ratios up to 75% for multifamily and hospitality. Loans are non-recourse with standard carve-outs, interest-only, and carry terms up to 36 months with extension options. Closing typically takes 60–90 days from application. 

  • Does HALL Structured Finance offer non-recourse loans?

    Yes, non-recourse is a core feature of HSF’s loan program. The lender’s recourse in a default is limited to the collateral property itself, not the personal assets of the borrower. Standard carve-outs apply (fraud, misrepresentation, completion guarantee), but for most borrowers this structure significantly limits personal liability exposure. 

  • What is a non-recourse loan?

    A non-recourse loan limits the lender’s recovery in a default to the collateral property itself, — not the borrower’s personal assets. If the project fails and the lender forecloses, they take the property but can’t come after your bank account, other assets, or personal net worth (except in specific ‘carve-out’ scenarios like fraud). For developers, non-recourse financing is a significant form of liability protection. 

  • What does loan-to-cost mean in construction lending?

    Loan-to-cost (LTC) is the ratio of your loan amount to the total cost of the project. If your project costs $40 million and you borrow $30 million, your LTC is 75%. It’s one of the primary ways lenders size a loan. Higher LTC means more leverage, — and less equity you need to put in, — but also more risk for the lender, which is why non-bank private lenders are often the only ones who’ll go above 65%. 

  • What is preferred equity in real estate?

    Preferred equity sits in the capital stack between the senior loan and the common equity. Investors who provide it get paid first (before common equity holders) and receive a preferred return, — typically a fixed rate. It’s often used when a developer needs more capital than the senior lender will provide. Unlike mezzanine debt, preferred equity doesn’t always require a separate lien on the property, which can make the structure simpler. 

  • What does interest-only mean on a construction loan?

    Interest-only means you only pay the interest on the outstanding loan balance during the loan term, — no principal. This keeps your monthly payments lower during the construction phase when the property isn’t generating revenue yet. Once the project is built and stabilized, you refinance into a permanent loan that includes principal repayment. 

  • What is a completion guarantee on a construction loan?

    A completion guarantee is a promise, — usually from the developer or a guarantor —, that the project will be finished regardless of cost overruns. It’s one of the standard ‘carve-outs’ on a non-recourse construction loan. Without it, a lender could be left with a half-built property if the borrower runs out of money and walks away. It’s not a full-recourse guarantee, — it’s specifically tied to completing construction. 

  • Still have questions?
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HALL STRUCTURED FINANCE

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