Aries Arranges $5.4 Million Hotel Bridge Loan for Florida Panhandle Properties

July 11, 2016

Aries Capital has secured a senior bridge loan totaling $5.4 million for the refinance of three limited service hotels in Pensacola, Florida. The borrower, LHS Companies, will use the proceeds to renovate and reflag the Florida Panhandle properties.

The well-located hotels were purchased 15 years ago as part of a larger portfolio. Under a tight timeline, the client was able to finance an existing note at an amount below the outstanding debt, giving LHS  has necessary funds to fuel its future growth and rebrand.

Stay Informed

Get our latest market insights and updates.

subscribe

© Aries Capital, LLC 2022

© Aries Capital, LLC 2022