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Developer Craig Hall's structured finance arm closed on two loans totaling $42 million in California, putting Hall Structured Finance on track to have $1 billion on its balance sheets by the end of next year.

Hall Structured Finance (HSF) has closed two new first lien loans totaling $42 million to finance the construction of two Cambria Suites in California—one in Sonoma County and one in Napa Valley.

Senior loan updates, straight from the source. SVP of HALL Structured Finance Matt Mitchell spoke with Sean McCracken at HotelNewsNow to shed some light on the state of hotel construction lending across the nation.

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.

Hall Structured Finance plans to make more than $300 million in construction loans this year for projects including hotels and apartments.

A local developer will break ground next month on a five-story Marriott SpringHill Suites hotel on Ogletown Road, officials announced Tuesday.

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.