If at first you don’t succeed,
Try, try, try again
Dallas-Ft. WorthHotel Sep 30, 2016 HALL Group
For every commercial real estate venture that receives easy funding, there are dozens that struggle to hunt down the capital they need. In the midst—and aftermath—of the recession, the tourism and hospitality industries took a major punch as families and businesses cut back on travel expenses. Not unexpected by any means; hotels traditionally carry significantly higher levels of risk due to their frequent turnover. And when the economy dips, hotels are often the first to absorb the largest hits. Small wonder, then, that banks and lenders are hesitant to advance capital on hospitality-oriented developments, especially when some sharp financial minds are predicting a recession. Courtesy of HALL Group HALL Structured Finance, a subsidiary of Dallas-based HALL Group, is playing the opposite card. As a smaller branch of a larger real estate firm, divisions like HSF offer a rare, yet necessary, mix of expertise formed from intermingling a keen understanding of all aspects of both finance and real estate. “This helps us understand each project from an owner’s, operator’s, and developer’s perspectives, as well as a borrower’s and lender’s perspectives—allowing HSF to serve a rather particular niche and operate with a special advantage,” says HSF president Mike Jaynes. “We leverage off of our parent company, HALL Group, and are able to look at real estate from a different perspective than most lenders,” Mike says. “Because we are a private, non-regulated direct lender, we are able to meet the needs of some very unique projects.” Companies like HSF lean toward a contrarian investment strategy, seeking to lend in markets and properties that are struggling relative to other subsets of commercial real estate. With its special emphasis on hospitality, HSF provides financing to hotel developers and investors for major asset repositioning and renovations, adaptive reuse, and ground-up construction—such as with San Francisco’s Hotel Vitale (above), an HSF success story and example of creative financing solutions. Courtesy of HALL Structured Finance Although HSF provides financing for most commercial real estate product types, the firm specializes in hospitality, a subset often overlooked in the conversations surrounding mixed-use and residential buildings. An example of this expertise lies in one of HSF’s most recent loan closings, set for construction a stone’s throw from Milwaukee, Wisconsin: a new TownePlace Suites hotel (rendered above). The firm is providing a $10.9M loan for the four-story, 112-room Marriott-branded hotel. Located within the master planned Drexel Town Square development in the heart of the Oak Creek suburb 13 miles south of Milwaukee, the new TownePlace will be nestled in the bustle of Wisconsin suburban life alongside a public library, retail stores, Oak Creek Parkway (below), mixed-use office spaces and residential apartments, a new city hall and 18 acres of green space. Courtesy of HALL Structured Finance With loan sizing expanding over the last several years, Mike sees no end to this division’s rapid growth. In five years, HALL Structured Finance’s average loans have increased from a range of $6M to 20M to $20M to 40M. The company lends anywhere from $9M to $55M for hospitality (and other) developments across the US. HSF has $195M on its books, including the recently closed Milwaukee-Oak Creek TownePlace. Three additional construction loans are in the closing stages in New York, Florida (Jacksonville DoubleTree by Hilton, above), and Colorado totaling a further $105M. To learn more about Bisnow partner Hall Group, click here.
Phoenix Commercial Real Estate and Investment Real Estate: investors and Owner / Users need to really know the market today before making a move in Commercial Properties or Investment Properties in Phoenix / Tucson / Arizona, as the market has a lot of moving parts today. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land in Phoenix / Tucson / Arizona. Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands Commercial Properties and Investment Properties.
I am marketing my listings on Costar, Loop-net CCIM, Kasten Long Commercial Group. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international. Click here to find out what is a CCIM: https://en.wikipedia.org/wiki/CCIM
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
Kasten Long Commercial Group tracks all advertised apartment communities, including those advertised by other brokerages. The interactive map shows the location of each community (10+ units) and each location is color coded by the size (number of total units).
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail email@example.com or call me on my cell 520-975-5207
Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
2821 E. Camelback Rd. Suite 600
Phoenix , AZ 85016
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