Hilton Polaris

Columbus, Ohio

253 Rooms
New Construction
Full-Service Hotel & Convention Center

With Hilton at Polaris being the first full-service major hotel in the submarket, we needed a lender with unique expertise. HALL Structured Finance has extensive real estate experience, especially with emerging growth markets.
Matt Studer, Principal, NP Platinum Hotel, LLC

Deal Basics

$43 million 1st and 2nd mortgage construction loan
Three year term with two one-year extension options
Attractive Polaris area location

Unique Challenges

Four-star hotel project
No existing full-service hotels in the sub-market
Significantly larger project than Sponsor’s prior developments

The Solution

High loan basis per key
Provided a bridge loan at closing to allow development to commence allowing a portion of the equity requirement to be contributed post-closing

Success Stories

We are driven by the visions of our clients and fueled by our team’s uncompromising work ethic. With more than $1.2 billion dollars funded in first lien construction, mezzanine debt and preferred equity investments, the team’s focus on strong market fundamentals and quality assets paves the way for our proven track record.