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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.

Hall Structured Finance provided a $43.3 million construction loan for a Springhill Suites hotel in Revere. The new 168-room hotel will be adjacent to the Wonderland train station on Revere Beach. Amenities at the four-story property will include an indoor swimming pool, fitness center, an oceanfront restaurant, business center and a Starbucks location.

“We had a great experience working with HALL Structured Finance. Their flexible, tailored approach to financing our hotel development made this loan closure seamless, and we are looking forward to delivering this Springhill Suites to the Boston market,” said Lisi Gu, spokesman for the new hotel development.

Hotel lenders at Meet the Money 2019 explain what they’re looking for when developers come to them seeking construction financing.

In today’s cutthroat race for yield, Dallas-based Hall Structured Finance (HSF) is quick off the mark.

A robust 2019 construction pipeline doesn’t negate the fact that lending is getting more restrained in these latter days of the upturn. We took the opportunity to speak with Mike Jaynes to gain insight into his 2019 outlook for construction financing.

Dallas-based HALL Structured Finance (HSF) announced today that the company was listed as the top non-bank hotel construction lender in the U.S. in 2018, according to research firm Real Capital Analytics.