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Home » Specialty Finance Group Closes On $41M In Financing Deals
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Specialty Finance Group Closes On $41M In Financing Deals

By Hotel BusinessNovember 2, 20061 Min Read
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ATLANTA—The Specialty Finance Group, a subsidiary of Atlanta-based Bankers Bank, recently closed on several financing transactions worth a total of about $41 million. In San Antonio, the Specialty Finance Group arranged a $26.1 million new construction/mini-perm financing package for an affiliate of the Finvarb Group and its planned 220-room Courtyard by Marriott. The hotel will measure 17 stories upon completion and be located along San Antonio’s River Walk. Another new construction/mini-perm loan totaling $8 million was put together by the Specialty Finance Group for Image Mobile Hotels, Inc.’s future 101-room Hilton Garden Inn in Mobile, AL. Meanwhile, in Largo, FL, Largo Hotel Partners, LLC obtained $6.5 million through the Specialty Finance Group to refinance its 92-room Hampton Inn and Suites, which opened in December 2005.

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