Harryg Spiride News Today

Spirides Hotel Finance Company has successfully provided, and the borrower has officially closed $14 million in construction-to-permanent mortgage financing from a Midwest U.S. headquartered bank to finance the development of a lodging facility in Dunedin, Florida for players of the Toronto Blue Jays Baseball Club, a Major League Baseball franchisee. Florida is well known for its multiple professional baseball Spring training facilities. After building in Dunedin their “second home,” a 65-ac...

Spirides Hotel Finance Company has just successfully provided, and the borrower has officially closed a $6.3 million mortgage loan from a southeast U.S. headquartered bank to refinance the existing mortgage debt plus take $1.5 million cash out of the Holiday Inn Express in Latta, South Carolina. The $1.5 million cash taken out of the loan proceeds will be used by the borrower as an owner’s cash equity down payment to build another hotel in North Carolina where they already own the land.

Spirides Hotel Finance Company has successfully provided and the borrower has officially closed $7 million in loans to refinance the existing mortgage debt and fund renovations to the Holiday Inn Express and Clarion Pointe hotels in Sylva, North Carolina.

Spirides Hotel Finance Company provides mortgages and loans to hotel owners across the United States for ground-up construction, acquisition, debt refinancing, and other types of hotel capital projects.  Spirides charges no up-front fees and provides their customers with the best terms available in the marketplace along with exceptional service and fast execution.  Members of the Spirides family have owned, operated, developed, and advised hotels and restaurants for 100 years, since the 1920s...