Hall Structured Finance Provides $43.5M Construction Loan For Old Hickory Hotel

The asset involved in this closed loan transaction is a hotel located at 2221 Elliston St in Old Hickory, TN. The loan was provided by Hall Structured Finance to Sila Developments for a total amount of $43,500,000. It is a construction loan with a term of 3 years and offers interest only payments. The loan has a floating rate and is non-recourse.

Summary of transaction details

• Property Type: Hotel
• Loan Amount: $43,500,000
• Loan Type: Construction
• Loan Terms: 3 years, Interest Only, Floating Rate, Non Recourse
• Lender: Hall Structured Finance
• Landlord: Sila Developments
• Broker: Francisco Nacorda - Mag Mile Capital

The deal was facilitated by Francisco Nacorda from Mag Mile Capital, who represented the buyer in securing the loan. This transaction highlights the commitment of both Sila Developments and Hall Structured Finance in the development of the hotel property on Elliston St.