News

It’s true that the more things change the more they stay the same. Despite some mild fears of a correction and the end-of-year interest-rate puzzle, HALL’s Matt Mitchell is cautiously optimistic.

DG Development Corporation has landed a $41.7 million construction loan for its dual-branded Hilton hotel development immediately adjacent to Las Vegas Convention Center, Commercial Observer can first report.

HALL Structured Finance has closed a $53 million construction loan to finance the expansion, redevelopment, flagging and rebranding of CopperWynd Resort.

For private lender HALL Structured Finance, the third-largest hotel construction lender in 2017, borrowers who can prove that they have an organized, solid project plan and track record of success in the hospitality market will attract more lenders and have their loans executed sooner.

HALL Structured Finance talks to Globe St. about being “all in” on growing and diversifying its loan portfolio in 2018.

The new 112-room hotel is anticipated to open in summer 2019, while the nearby 48-unit townhome project is expected to be completed by October 2018. The sponsorship is comprised of local Watsonville businessman Sonny Tut and his two sons.

As spreads compress and costs ride, hotel lenders are opting for more flexibility. Find out how HALL Structured Finance remains competitive in the growing hotel finance market.

Bisnow sat down with HALL Structured Finance President Mike Jaynes to discuss his outlook on the remainder of the 2018 hospitality market.