Hotel Construction Project

Guaranteed Lending Specialists recently arranged a $16,330,000 USDA Business & Industry (B&I) Guaranteed Loan for the construction and permanent financing of a new full-service resort hotel located in the Florida panhandle. This financing enabled the borrower – an experienced hotel developer with several hotels under ownership/management -- to move forward with its business plan during a time where conventional construction financing was basically unavailable for new hotels. This transaction was introduced to Guaranteed Lending Specialists by the lender, who had heard of Guaranteed Lending Specialists expertise in the USDA guaranteed arena through one of its financial intermediaries. Guaranteed Lending Specialists was able to secure the financing the borrower needed in a time where USDA guaranteed funds were limited and interest rates were rising, which caused some setbacks but ultimately led to a happy ending for all parties.