Our strategic partners are sitting on approximately $20B of dry powder for deployment in the hotel and resort rescue capital space. We provide hospitality new-build construction, refinance, recapitalization and acquisition debt from $25M to in excess of $100M non-recourse with no equity warrants up to a 75% LTC/LTV in the L plus 7.0% to 8.0% range
Hotel and Resort Funding
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Dave Mac
Mr. McElroy’s success spans over three decades in real estate, mortgage banking and management. In 1985 he founded Progressive Southern Mortgage in Dallas Texas and has opened and managed branches for Wells Fargo and Countrywide Home Loans (later acquired by Bank of America).