News

Dallas-based Hall Structured Finance (HSF) has provided a $29.4 million loan for the refinancing of Serena Hotel, a Tapestry Collection Hotel by Hilton in Aventura.

A $44.8-million bridge loan further cements the relationship of the recently opened Hampton Inn and Home2Suites by Hilton, dually flagged at the Las Vegas Convention Center. The refinancing, via Dallas-based HALL Structured Finance, is a follow-up to the first lien construction loan HSF extended to hotel developer DG Design + Development (also based in Las Vegas).

DG Design + Development, a Las Vegas-based hotel developer, has obtained a $44.8 million bridge loan to refinance the recently opened, dual-flagged Hampton Inn and Home2 Suites by Hilton – Las Vegas Convention Center. Dallas-based Hall Structured Finance provided the bridge loan for the borrower.

“We’re now lending up to 80 percent loan to cost on multifamily and hotel construction loans” said Brad Ferguson, Vice President of HALL Structured Finance (HSF). He notes the company has a pipeline of about $600 million in deals going into 2022, focused predominantly on multifamily/hotel construction lending and hotel bridge lending.

Allyson Van Blarcum, vice president at Hall Structured Finance, said her company has actually moved in the other direction with loan-to-cost ratios, from an average of 75% to 80%. She said the rational behind that is her company expects "a lot of pent-up capital" to hit the financing space and wants to carve out its niche before that happens.

Meet our Loan Officer Brian Mitchell. Brian has five years of commercial real estate experience at HALL Structured Finance (HSF). He began his career as an intern for HSF during his summer, while obtaining a master’s degree. As Loan Officer Brian’s primary focus is originating new loans with an emphasis in underwriting and financial analysis.

When the coronavirus pandemic reached the U.S., Hall Structured Finance paused its lending for new hotel development. The company started its lending for hotel construction projects in mid to late 2020 once it determined its portfolio was healthy and could add on new projects, Vice President Brad Ferguson said.

Dallas-based Edison Equity Management has received $23 million in construction financing for the development of 55 Resort Apartments, an age-restricted multifamily property located in Greeley.