Springhill Suites/Element Hotel

Colorado Springs, CO

$55.6 million first mortgage construction loan in the heart of Colorado Springs

“Colorado Springs has shown tremendous growth as one of the most populous and fastest-growing cities in the state, offering visitors an abundance of outdoor activities, sports and entertainment, and business opportunities. This hotel development will be the first Marriott extended-stay option in Downtown Colorado Springs and will provide guests with access to Marriott’s extensive loyalty program. All of these factors made this a great project for us to finance.”

Mile Jaynes | HALL Structured Finance

Deal Basics

  • $55.6 million first mortgage construction loan
  • Three-year term with two six-month extension options
  • Great location in downtown Colorado Springs

Unique Challenges

  • Project was under construction and approximately 40% complete. Needed to close with on-going construction.

The Solution

  • Created flexible loan structure and worked directly with borrower & general contractor to collect all appropriate documents for a smooth 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.

Now let's get started

Contact us today to learn how we can help you
get one step closer to bringing your vision to life.

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