We have spearheaded a very large project for our area. It is projected at $40M still waiting for final hard numbers to come in, accompanied by sone value engineering proposals from sub-contractors. It is a HGI Convention style flag, with 20,000 sf of meeting space, retail, and a parking deck. I am with a local economic development entity that has recruited a developer and assisted with putting the development together. Because of the current hotel lending landscape, based mainly on surrounding urban markets being on fire (Nashville, TN) almost all traditional bank lenders have full hospitality buckets/concentration at this time. I really need a consultant that can help me navigate the financing piece now. Plans have been submitted for permitting and I am sweating the financing. It is truly a unique project that is in our historic arts and entertainment district downtown, and is next to three huge generators in Tennessee Tech University, The Cookeville Regional Medical Center Hospital (288 beds and regarded top 50 in the nation in cardio and cancer treatment), as well as SAIC, a global employer with 15000 employees, 300 less than a block away. Help! Please sir, if you are a consultant,or might be able to steer me in the right direction. We have additional options for “gaps”, but we need the senior debt! Thanks in advance.
It’s best to outsource your finance consulting needs to a consultant that you find on a freelance website. You can check out their ratings before hiring them.