Spandrel Development Partners Secures $32.36 Million Loan From Peachtree Group For Hotel In Huntsville

This transaction involves the construction of a 154-room AC Hotel by Marriott located at 365 The Bridge Street, Huntsville, Alabama. The property is being developed within the Bridge Street Town Centre and is part of the hotel asset class.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $32,360,000
• Loan Type: Construction
• Lender: Jared Schlosser - Peachtree Group
• Landlord: Spandrel Development Partners

The financing for this project was specifically designed to support the construction efforts led by Spandrel Development Partners, with Jared Schlosser representing Peachtree Group in this financing deal.