Spirides Arranges $5 Million Hotel Construction Loan for New Radisson in Florence, SC

TAMPA, fl-spirides hospitality finance company has successfully arranged, and its client has closed on a $5 million senior loan facility from a southeast U.S. headquartered bank to finance the development of a new Holiday Inn Express in Latta, South Carolina. This soon to be built Holiday Inn Express will feature 68 guest rooms and suites in one 4-story building situated on 4 acres of land.

The terms of the hotel construction financing arranged by Spirides for this new Holiday Inn Express development project include a 78-percent loan-to-cost ratio, an interest rate of U.S. prime rate plus 1.75 percent, a 12-month interest-only period through the construction phase and a 25-year term with a 25-year amortization.

Spirides Arranges $5 Million hotel construction loan for New. – This soon to be built holiday inn express will feature 68 guest rooms and suites located just a few minutes drive from the. Spirides arranges .33 million hotel Debt Refinancing for Hampton Inn Laurinburg, NC.

TAMPA, FL — Spirides Hospitality Finance Company has successfully arranged, and its client has closed a $5 million construction to permanent first priority mortgage loan from a southeast U.S..

How to Get Any Lender to Fund Your Deal (7 Step Process) Spirides Arranges $5 Million Hotel Construction Loan for New Radisson in Florence, SC – TAMPA, FL – Spirides Hospitality Finance Company has successfully arranged, and its client has closed a $5 million construction to permanent first priority mortgage loan from a southeast U.S..

Create New Account.. Loan Service in Tampa, Florida. Closed Now. ABOUT SPIRIDES HOSPITALITY FINANCE & REALTY COMPANIES. Our Story. Spirides Hospitality Finance Company arranges hotel and restaurant financing across the United State. See More. Community.

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FLORENCE, S.C. – Spirides Hospitality Finance Company has arranged a $5 million construction mortgage loan to finance the development of a new Radisson Park Inn in Florence, officials told the Morning News.

Spirides Arranges $5 Million Hotel Construction Loan for New Holiday Inn Express in Latta, SC. Home / Spirides Arranges $5 Million Hotel Construction Loan for New Holiday Inn Express in Latta, SC.

Florida current home mortgage rate and hard money The mortgage foreclosure. homeownership rate. From a peak of 69.2 percent in Fourth Quarter 2004, it fell to 66.5 percent in fourth quarter 2010. For the time being, this should be seen as a.

Spirides Arranges $5 Million Hotel Construction Loan for New Radisson in Florence, SC 3 December 2018 TAMPA, FL — Spirides Hospitality Finance Company has successfully arranged, and its client has closed a $5 million construction to permanent first priority mortgage loan from a southeast U.S. headquartered bank to finance the development of a new Radisson Park Inn in Florence, South Carolina.

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