News

Newgard nabs financing for Gale Fort Lauderdale hotel

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.

January 4, 2018

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HSF Closes $55M Construction Loan for New CA Hyatt

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.

December 20, 2017

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Rael Development Nabs $55M Construction Loan for Palm Springs Hyatt

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.

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Hall Structured Finance closes on loan for South Carolina Cambria Suites

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.

December 7, 2017

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Hyatt Place Hotel to occupy Southwestern Bell building after redo

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.

November 16, 2017

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Think Beyond the Traditional to Secure Hotel Financing

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.

October 30, 2017

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