Sourced non-recourse construction financing for the development of a 110-room extended stay hotel in Atlanta, GA. The debt represented 73% of the total transaction costs.
Sourced non-recourse financing for the acquistion of a 76-room limited service hotel in Muncie, IN. The debt represented 70% of the total transaction costs.
Sourced short term financing for the acquisition of a first mortgage on a 136-room full service hotel in Mt. Prospect, IL. The debt represented 80% of the total transaction and was priced at 12%, interest only.
Sourced a credit facility for a finance company that provides financing to rehabbers of single family homes. The interest rate is 7%.
Sourced a non-recourse acquisition loan for a 65,000 sq.ft. portfolio of medical office buildings in Georgia. The spread is 245 basis points over the 5 year swap rate
Sourced a loan to refinance a 119 key hotel in Tampa, FL on behalf of a private investor. The rate is fixed at 224 basis points spread over the 10 yr swap rate. The LTV is 80% with a 30 year amortization.