The Pioneer Realty Capital, LLC team worked closely with its network of capital and participating partners to address concerns over perceived risk exposure during the construction period.
ARLINGTON, TEXAS – Pioneer Realty Capital, LLC, a leading Texas-based Commercial Mortgage Intermediary and Non-Bank Lender, has closed a $5,591,300 new construction loan for a Candlewood Suites Limited Service Hotel to be located in San Angelo, TX. The loan was successfully arranged by negotiating a debt structure with participating lenders designed to significantly minimize risk during the construction period.
The Pioneer Realty Capital, LLC team worked closely with its network of capital and participating partners to address concerns over perceived risk exposure during the construction period. In an effort to mitigate this risk, Pioneer Realty Capital designed a capital structure that involved using a construction “bridge-loan” lender to fund the project during the majority of the construction phase, thus greatly minimizing risk to capital partners.
“Pioneer Realty Capital’s knowledge of the industry, deep network of capital partners and ability to properly analyze and structure loan requests proved to be the key to successfully funding this project”, said Mr. Randeep Grewal, Grekan Hospitality.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
