In a difficult environment for hotel financing, NEBO recently arranged a $10MM, 75% LTC construction/perm loan for a soft-branded hotel in a tertiary market of Northern California. Although the project had favorable local demand drivers and an experienced management team, most institutional lenders were unable to provide an attractive loan.
Through its network of over 1,000 lenders and private investors, NEBO was able to source a structured solution with a competitive cost. NEBO has a roster of opportunity funds looking to acquire JV interests and finance opportunistic hotels throughout the U.S. If you need financing for acquisition, new construction, or to fund a PIP, we can assist.
Contact Ned DeLorme, a hospitality specialist on the NEBO team, for an introduction to this lender.