Hall Structured Finance closed a new first-lien construction loan totaling $17.3 million to finance the development of a 127-room Residence Inn by Marriott in Mesa, Ariz. Suky and Jas Khangura, co-owners of Khangura Hotels, are the project developers.
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.
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.
May 31, 2017
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