Understanding the unfavorable market conditions for hotel construction, the borrower enlisted an out of state Mortgage Banker specializing in hospitality. After several months, he was unable to source an acceptable lender.
Since Kyle and Sebastian successfully closed a prior CMBS loan for the borrower, they were contacted for assistance. By leveraging an existing banking relationship, Kyle and Sebastian delivered financing terms indicative of a pre-covid market.
Loan Amount: $17,482,500
Property Type: Hotel
Property: Aloft Hotel
Lender Type: Credit Union
Term: 3 Year
Construction Loan
Contact today for current rates!
Kyle Nagy
702.792.7553
Sebastian Torres
702.792.7554
As your exclusive advisors, CommCap utilizes proprietary systems, market expertise, and years of experience to secure aggressive financing options that best fit your property. Exclusive correspondent and servicing relationships with Life Insurance Company, CMBS, and Agency lenders ensure a broad and in-depth representation of current market conditions. Our team of advisors craft a loan structured to enhance revenue and allow you to focus on increasing cash flow.
We do not list, sell, manage, or lease property. We only arrange financing and are the best at what we do.
