News

Hall Structured Finance (HSF) has provided a $35.5 million construction loan for the development of The Vantage, a 211-unit apartment community in St. Petersburg.

Dallas-based Hall Structured Finance closed a new first-lien construction loan totaling $17.6 million to finance the construction of an Aloft hotel in Glendale, Calif.

Harvey Hernandez’s Newgard Development Group just secured a $19.15 million construction loan for phase two of its Gale Fort Lauderdale project. Dallas, Texas-based Hall Structured Finance is the lender and Aztec Group arranged the financing, according to a press release.

HALL Structured Finance has closed on a $54.8 million loan to finance the construction of a new Hyatt property in Palm Springs, Calif. The Rael Development Corp.-owned 150-key Hyatt Andaz Hotel is anticipated to open by the end of January 2019.

HALL Structured Finance (HSF) has signed off on a $55 million construction loan for a hotel to be built in Palm Springs, Calif., according to an announcement by the lender today.

Private lender Hall Structured Finance closed a new first lien loan totaling $17.3 million to fund the construction of a Charleston, S.C. Cambria Suites.

The development group, including Anthony Patel and Nick Patel of Pride Management, has obtained a $22.8 million loan for the long-vacant building from Dallas-based Hall Structured Finance, the companies announced. Renovation of the 16-story high-rise is targeted for completion by March 2019.

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.