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

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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

http://www.hospitalitynet.org/news/154000320/4082080.html http://www.hospitalitynet.org/news/154000320/4082080.html Fri, 07 Apr 2017 16:47:31 +0200 TAMPA, FL.

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.

What Overregulation? How Regulation Will Increase Over the Next Decade Spirides Arranges $5 Million hotel construction loan for New Radisson in Florence, SC Hotel Business Editor-in-Chief Christina Trauthwein shares with you just some of the stories that make up the May 15th issue. There’s a cover story celebrating Hilton’s 100th anniversary, as well as.Let’s discuss our options in the.

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.