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Commercial Loan Direct (CLD Capital) Renewing Its Caribbean Hotel & Resort Financing Program(May 30, 2012)
Atlanta, Georgia (PRWEB) May 30, 2012
With the collapse of many of the banks in Puerto Rico, the Caribbean, and Central America, real estate investors and developers have been seeking alternative financing options in the United States in order to get their resorts and hotel loans financed. Recognizing this need, Commercial Loan Direct a business division of CLD Capital out of Atlanta, GA, has partnered with both international and domestic funds in order to meet its clients various hospitality financing needs.
Under this new program, CLD Capital is now able to provide funding for hoteliers in need of debt, equity, or a combination of both. It is also able to provide for various products ranging from ground-up construction to traditional loan products, including everything in between (i.e. bridge loans, mezz debt, preferred equity, and mini perms). Offering some of the most competitive rates in the industry and both recourse and non-recourse options, CLD Capital hopes to become a major player in the Caribbean resort market over the coming months.
For these programs, CLD requires that the projects sponsor(s) be financially strong, have relevant experience, have a full business plan and clear exit strategy (and if relevant, construction cost analysis and draw schedule) and be able to put in 20-35% equity into the project. If additional equity is necessary, CLD can also arrange for equity investments in strong projects.
Commercial Loan Direct ('CLD') a division of CLD Capital is a wholesale commercial lender and apartment mortgage banker originating for its own portfolio. In addition to offering its own financial programs, CLD has partnered with institutional investors, Fannie Mae, Freddie Mac, FHA, SBA, USDA, life insurance companies, banks and real estate investment trusts to bring you a wider selection of additional lending vehicles. With a focus on commercial loans over $1 million, a diversified mix of financing products, a state of the art online commercial lending platform, and a staff of experienced professionals, CLD provides a cost-efficient solution for apartment lending and commercial property financing.
View CLD's Commercial Loan Rates as of today
Read the full story at http://www.prweb.com/releases/hotel-finance/hospitality-resort-loans/prweb9555961.htm.
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