ARLINGTON, Texas, Jan. 13, 2014 /PRNewswire/ -- Pioneer Realty Capital, LLC, a leading Texas-based Commercial Mortgage Intermediary and Non-Bank Lender, has closed a $5,591,300 new construction loan for a Candlewood Suites Limited Service Hotel to be located in San Angelo, TX. The loan was successfully arranged by negotiating a debt structure with participating lenders designed to significantly minimize risk during the construction period.
The Pioneer Realty Capital, LLC team worked closely with its network of capital and participating partners to address concerns over perceived risk exposure during the construction period. In an effort to mitigate this risk, Pioneer Realty Capital designed a capital structure that involved using a construction "bridge-loan" lender to fund the project during the majority of the construction phase, thus greatly minimizing risk to capital partners.
"Pioneer Realty Capital's knowledge of the industry, deep network of capital partners and ability to properly analyze and structure loan requests proved to be the key to successfully funding this project." Mr. Randeep Grewal – Grekan Hospitality
About Pioneer Realty Capital, LLC - Pioneer Realty Capital, LLC approaches commercial mortgage lending with the client in mind. They understand that each commercial real estate mortgage is unique and many don't fall within general lending guidelines. Business owners and real estate investors frequently need innovative financing structures tailored to a unique situation. Pioneer Realty Capital's objective is to present customized capital structures that address and satisfy the concerns of all stakeholders to achieve successful transaction execution.
Pioneer Realty Capital, LLC arranges and closes commercial mortgage transactions for a national network of capital and participating partners. Their lending programs provide commercial real estate owners and investors with access to nonbank lending sources that include pension funds, life insurance companies, real estate investment trusts, hedge funds, investment and regional banking firms.
The firm is headed by its founder and Managing Director, Mr. Charles Williams, MBA, EA.
SOURCE Pioneer Realty Capital, LLC