Featured Transactions
FEATURED TRANSACTION #1:
BRIDGE FINANCING: $13.6 MILLION
Client Request: Senior bridge financing for the acquisition of a full-service hotel located in Downtown Phoenix, Arizona.
Situation & Complexities
· Strong location in primary market with great occupancy performance
· Client’s objective was to acquire the property, improve operations and permanently refinance within 12 to 18 months
· Equity investors utilized a 1031 exchange which required a tenant-in-common (TIC) structure
· Sponsor’s first full-service hotel and largest loan amount to-date
Solution
Pro Hospitality Group Capital identified a direct private lender capable of providing an 18-month 70% LTC senior bridge loan with a TIC structure at competitive pricing.
FEATURED TRANSACTION #2:
BRIDGE FINANCING: $4.4 MILLION
Client Request: Senior bridge financing for the acquisition of a limited-service hotel located in Florence, Arizona.
Situation & Complexities
· Strong property performance with more than adequate cash flow coverage
· Client’s objective was to acquire the property, improve operations and permanently refinance within 12-months
· Tertiary market in central Arizona two hours outside of Phoenix
Solution
Pro Hospitality Group Capital identified a direct private lender capable of providing a one-year 70% LTC senior bridge loan at competitive pricing.