Speakers at the recent Meet the Money conference said availability is tightening for new-construction lending, but that hasn’t been enough to curb developers’ appetites.
Dallas-based HALL Structured Finance, a private lender to the real estate industry, announced Wednesday that it has closed a $23.2 million first lien construction loan to finance development of the 233-room, nine-story Hyatt House and Hyatt Place hotel.
Dallas developer Craig Hall's structured finance division — Hall Structured Finance — has made a $37.7 million loan to finance the construction of a luxury apartment community near Orlando in Florida.
The hotel industry, and the lending environment in particular, is in a state of transition as many wonder when the cycle will end. But lenders speaking at the recent Hotel News Now Lender Roundtable said that doesn’t have to be a bad thing. Here are some of their takeaways on the state of the industry.
Hotel News Now recently gathered a roundtable of hotel industry lenders, including HSF's Matt Mitchell, to share their opinions on the state of hotel financing and the industry in general.
September 21, 2016
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