Energy-efficiency regulations are heating up across the U.S., and commercial real estate developers and property owners are being called on to upgrade their buildings or face hefty fines. Green upgrades are not cheap, and as pressure mounts, building owners are searching for solutions to help them make changes without breaking the bank.
Dallas-based HALL Structured Finance (HSF) announced today that the company has closed a new first lien loan totaling $86.5 million to finance the construction of a full-service Westin Hotel, located in Tempe, Arizona
As a country, we have become more and more energy-conscious over the past several years. Reagan Dixon, resident PACE financing expert for HALL Structured Finance, discusses what this means for the construction lending industry going forward.
Las Vegas’ CAI Investments has signed on for an $86.5 million mortgage from Hall Structured Finance to back a hotel development project it’s working on in Tempe, Ariz., the Dallas private lender announced today.
It's a tough time for hospitality developers. Financing for hotel properties dropped 25% during the first nine months of 2018, more than it did for any other type of property. Banks, in particular, are pulling back their exposure to hospitality lending, leaving aspiring hoteliers searching for alternatives.
Construction loans can be tricky, especially if it’s a hotel you’re dreaming of. Mike Jaynes with HALL Structured Finance provides some tips on how to get to closing.
The deal will fund Lixi Group‘s work on a new Springhill Suites Hotel in Revere, Mass., an oceanfront town about five miles northwest of Boston. A short drive or train ride from Boston Logan International Airport, the four-story lodging should be a good fit for budget-conscious business travelers, according to Brad Ferguson, an HSF executive who worked on the deal.
July 12, 2019
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