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. headquartered bank to finance the development of a new Radisson Park Inn in Florence, South Carolina. This soon to be built Radisson Park Inn will be a limited-service hotel featuring 60 guest rooms and.

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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.

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Spirides arranges .7 million hotel development loan for New Holiday Inn in Downtown Columbia, SC.. Spirides Arranges $5 Million Hotel Construction Loan for New Radisson in Florence, SC.. Spirides Arranges $5 Million Hotel Construction Loan for New Radisson in Florence, SC.

Completed projects have successfully utilized NYCRC EB-5 financing to assist in the construction of over 3.5 million square feet of new development and renovation resulting in thousan. Meridian Capital Group, New Nordic Group and chandler hotel group arrange Deals

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

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

Spirides Arranges $5 Million Hotel Construction Loan for New Holiday Inn Express in Latta, SC Dillon County is the home of the interstate 95 roadside attraction called South of the Border. The site of this new Holiday Inn Express development is located just a few minutes drive from the recentl.