We recently arranged a very complicated loan for a client facing foreclosure, collateralizing multiple properties to pay off 3 loans that were deeply in arrears (a sale date was pending), including a construction loan, and on top of that we provided working capital to the owner to help him get his business back on track.
Lodging Finance participated in arranging a ground-up construction loan for a boutique luxury hotel in Menlo Park, CA. The $25,000,000 loan facility was provided as a non-recourse liability to the Sponsors.
Debt Consolidation and PIP Financing
Lodging Finance recently arranged a $4,500,000 loan that included an $800,000 line of credit for both working Capital and for completing a Property Improvement Plan (PIP) to upgrade this independent, exterior corridor hotel located in Pacifica, CA.