(PRWEB) May 30, 2012
Clopton Capital, a commercial real estate finance firm that offers commercial mortgages and loans for income producing properties nationwide, is offering a hotel construction program for owners and developers of hospitality properties nationwide.
The real estate capital firm put together the construction lending program to fill a gap in hospitality construction that currently exists in the market. They are targeting developments with a total costs between $5 million and $20 million, largely where there is the highest need for this type of capital. “We are currently seeking hotel developers and owners with whom to work with and are in need of construction lending.” Says Jake Clopton, founder. “The major benefit of our program is that we combine the origination of the construction loan, the mini perm, and the permanent loan all into one. Borrowers walk away from our closing table with a full take out commitment from their construction loan, the perm loan being non-recourse adding extra value to the program.”
Developments with major hotel flags such as Hilton, Hyatt, Marriot, and IHG are eligible for this particular program, but they will also take on other flags on a case by case basis. The only developments that are not a fit, would be independent hotels and very small projects. The best way to find out more information about this program is to contact the company directly.
Clopton Capital ranks as one of the most active and dynamic commercial real estate finance firms providing lending options nationwide for income producing properties. Offering commercial mortgages, construction loans, bridge loans, and cmbs loans to borrowers for a diverse range of property types and ownership structures, Clopton Capital has the capability to meet almost any lending needs of property owners and managers.
For more information contact a loan officer by calling 866-647-1650 or visit http://cloptoncapital.com/hotelfinancing.html