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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.

TAMPA, FL — Spirides Hospitality Finance Company has successfully arranged, and its client has closed on a $5 million. Finance company arranges mortgages and loans for hotel owners across the.

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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..

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.

How to get Multifamily Property Financing Even If You Don't Qualify hotel-online.com Spirides Arranges $5 Million Hotel Construction Loan for New Radisson in Florence, SC Today we celebrate Veterans Day 2018 and honor our military veterans. To my fellow veteran brothers and sisters, I think the following words of Sir Winston Churchill memorializes why the observance of this federal holiday is so important.

TAMPA, FL-Spirides Hospitality Finance Company has successfully arranged, and its client has closed on a $5 million construction and permanent loan from a southeast U.S. headquartered bank to finance the development of a new Holiday Inn Express in Latta, South Carolina.

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.

Ray Vazquez Loan Officer | NMLS # 584724 Ideal Lending Solutions – West Palm Beach American Financial Network, Inc. Mortgage Professional Reviews Your customizable and curated collection of the best in trusted news plus coverage of sports, entertainment, money, weather, travel, health and lifestyle, combined with Outlook/Hotmail, Facebook.

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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..