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Spirides Arranges $5 Million Hotel Construction Loan for New Holiday Inn Express in Latta, SC. Home / Spirides Arranges $5 Million Hotel Construction Loan for New Holiday Inn Express in Latta, SC.

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Spirides Arranges $5 Million Hotel Construction Loan for New Radisson in Florence, SC . Spirides Arranges $5 Million Hotel Construction Loan for New Radisson in Florence, SC. Read about our most recent successful hotel financing at https:.

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Spirides Arranges $5 Million Hotel Construction Loan for New Radisson in Florence, SC. TAMPA, FL – Spirides Hospitality Finance Company has successfully arranged, and its client has closed a $5 million construction to permanent first priority mortgage loan from a southeast U.S. headquartered.

The terms of the hotel construction financing arranged by Spirides for this new holiday inn express development project include a 78-percent loan-to-cost ratio, an interest rate of U.S. prime rate plus 1.75 percent, a 12-month interest-only period through the construction phase and a 25-year term with a 25-year amortization.

One-Time Close USDA Construction Loan Spirides Arranges $5 Million hotel construction loan for New Radisson in Florence, SC The borrower can get a one-time close construction loan for up to $417,000 in total value, paying only a 5% down payment. Spirides Arranges $5 Million Hotel Construction Loan for New Radisson in Florence, SC – TAMPA, FL – Spirides Hospitality Finance.

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