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

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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 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 Radisson in Florence, of a new Radisson Park Inn in Florence, South Carolina.

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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.

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.

Spirides Hospitality Finance Company arranges mortgages and loans for hotel. a $5 million construction to permanent first priority mortgage loan from a southeast U.S. headquartered bank to finance.

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

Contents Built holiday inn express Lovely authentic mini Regional super mall Spirides Arranges $5 Million Hotel Construction Loan for New Radisson in Florence, SC Spirides Hospitality Finance closes $5M loan for new South. – The terms of the hotel construction financing arranged by Spirides.

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