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Spirides Arranges $8.7 Million Hotel Development Loan for New Holiday Inn in Downtown Columbia, SC

TAMPA, fl-spirides hospitality finance Company has successfully arranged, and its client has closed an $8.7 million building conversion and term, first priority conventional loan from a Southeast U.S. headquartered bank to finance the development of a new Holiday Inn in Downtown Columbia, South Carolina.

TAMPA, FL-Spirides Hospitality Finance Company has successfully arranged, and its client has closed an $8.7 million building conversion and term, first priority conventional loan from a Southeast U.S. headquartered bank to finance the development of a new Holiday Inn in Downtown Columbia, South Carolina.

The latest Tweets from Spirides Hospitality Finance & Realty Companies (@HarrySpirides). Serving the financing & real estate brokerage needs of hotel owners, the Spirides family has owned, operated, developed, advised hotels & restaurants since 1925. Tampa, FL

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Spirides Arranges $8.7 Million Hotel Development Loan for New Holiday Inn in Downtown Columbia, SC. Read about our most recent successful hotel financing at https://bit.ly/2VFsalQ # hotelfinance # hotelloans

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Spirides Hospitality Finance Company has arranged, and its client has closed an $8.7 million building conversion and term, first priority conventional loan from a Southeast U.S. headquartered bank.

TAMPA, FL-Spirides Hospitality Finance Company has successfully arranged, and its client has closed on a $2.33 million debt refinancing with a permanent loan from a southeast U.S. headquartered lender to refinance existing debt for the Hampton Inn by Hilton in Laurinburg, North Carolina.

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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 financing arranged by Spirides for this new Holiday Inn Express development project include a 78% loan to cost ratio, an interest rate of U.S. Prime Rate + 1.75%, a 12 month.

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http://www.hospitalitynet.org/news/154000320/4082080.html http://www.hospitalitynet.org/news/154000320/4082080.html Fri, 07 Apr 2017 16:47:31 +0200 tampa, FL.

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