Spirides Hospitality Finance Company arranges mortgages and loans for owners and prospective owners of all types of hotels across the United States--large and small. The size of the financings we structure and source ranges from $2,000,000 to $200,000,000. Our nationwide network of lenders have the expertise and the capacity to quickly fund any type of hotel capital project. The most popular financing programs that our lenders employ are conventional senior mortgage loans, subordinate loans, government guaranteed loans, short term bridge loans, fixed rate conduit loans, and preferred equity investments.
We Arrange Financing For:
How we work
We at Spirides Hospitality Finance Company have close relationships with dozens of hospitality industry lenders who offer an assortment of financing programs at very competitive rates. The terms that are quoted by our lenders are determined by many factors. We are able to obtain for our clients the best financing terms available today subject to these factors which include the borrower, the location, the franchise flag, and property characteristics and financial projections to list just a few.
We know that every deal is unique. With every transaction opportunity that comes across our desk we at Spirides Hospitality Finance Company take the time and make the effort to understand each client’s unique needs and objectives and to research, analyze, and understand each subject hotel to ensure that a capital structure is created that is adequately serviceable and is in accordance with the client's strategic goals and objectives.
We review each of our client's requirements for funding, and then we identify which capital sources are most likely to fund their proposed project and hold discussions with each of them to obtain the lowest rates and fees and most favorable terms and conditions possible for our clients. We stay involved in every step of the process up until the transaction is consummated and funds are disbursed. We do everything in our power to facilitate and expedite the closing process with each client’s new source or sources of capital.
We charge no upfront fees, and no finance broker success fee is due and payable to our company unless the financing that we arrange is accepted by our client and the transaction is successfully closed. Many times the lenders will pay our fee so our clients do not have to.
What are some notable benefits of the loans that we arrange?
We Broker the Sale of Hotels
Our Founder and President Harry Spirides is also a Licensed Real Estate Broker. Real estate brokerage services are provided by our sister company Spirides Hospitality Realty Company, LLC. The website for that company is www.hospitality-realty.com. By seeking out and introducing prospective buyers Mr. Spirides can assist hotel owners with the sale of their hotels which is the ultimate hotel financial liquidity event.
Call us now at (813) 327-5100 for a free consultation on any hotel investment project you are considering.
*All applications for financing are contingent upon the successful underwriting of the capital source(s) which examines among other things the credit quality, financial strength, and industry experience of the borrower and all guarantors of the loan as well as the financial, operational, and market feasibility of the contemplated project.
Soli Deo Gloria