The Pangea Mortgage Capital Team is Closing Complex and Distressed Loans in South Florida
Our team of investment professionals is well versed in structuring around complexities and forging a path to the finish line. With PMC, you have a financing partner that can execute on time and at the terms agreed to. Call us today.
Scott Larson
VP – Group Head
Email: [email protected]
Michael Bachenheimer
Director
Email: [email protected]
Special Situations – $25,400,000 Total Loan
A Florida-based, hospitality-focused developer sought construction-takeout financing for their newly opened suites-style hotel and adjacent restaurant in Orlando, FL.
Despite the asset’s immediate success, a CMBS takeout was highly unlikely given the distressed Covid market. As such, the developer needed a bridge lender to provide enough term and capital to fully stabilize the asset and ultimately pave the way for permanent financing.
PMC’s analysis of the hospitality market around Disney World, coupled with the strength of the ownership and operator, yielded confidence in the success of the transaction. The asset continues to perform well and is a preferred option to visitors in the area.
Let’s Work Together
Whether your preference is in person, over the phone, or through email contact us to explore how we can help you on your next transaction.