ATLANTA, Georgia—Hunter Lodge Advisors (Hunter) introduced the closing of $31.47 million in financing for 3 resort properties. Senior Vice President of Capital Markets Adeel Amin executed the transactions on behalf of the agency.
The financing consists of the next:
- Home2 Suites El Paso Airport, Texas – CMBS ($14.37 million)
- Hampton Inn & Suites Houston Medical Middle NRG Park, Texas – SBA 504 ($12.82 million)
- Fairfield Inn Columbia Northwest/Harbison, South Carolina – SBA 7(a) ($4.28 million)
“The Home2 Suites property supplies a notable knowledge level for the non-recourse market,” stated Amin. “The deal, characterised by a 12 % debt yield, secured a ~68 % loan-to-cost ratio with a 314-basis level unfold over five-year Treasuries. This degree of financing that’s inclusive of a PIP was corroborated by a number of CMBS lender provides, signaling strong market demand. The event signifies a loosening of non-recourse lending requirements, with lenders displaying elevated urge for food for leverage whereas nonetheless providing aggressive charges.”
Teague Hunter, president and CEO of the agency, acknowledged the rising challenges in securing debt within the present local weather. Nevertheless, he emphasised the agency’s capability to ship tailor-made monetary options.
“Regardless of prevailing market headwinds, Adeel Amin and Charlie Ryan, senior vice presidents, are persistently offering revolutionary constructions to satisfy consumer wants,” Hunter acknowledged.
