News

HALL Structured Finance examines how the construction sector is adapting to supply chain adversity and other operational challenges.

The HALL Structured Finance (HSF) team spoke with award-winning developer and construction executive Mark DeMaria, the CEO of DevMar Development, a company focused on creating enduring, luxury residential developments in premier locations. Mark’s history in construction and willingness to go against the grain led to his passion for delivering cutting-edge developments. HSF sat down with Mark to learn more about his career and what he is working on next.

Beyond its core competency of real estate, the firm has seen different iterations through the decades with investments into wine (of course), oil and gas, software, technology and venture and private equity.

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.