Pioneer Realty arranges construction loan for Candlewood in Texas

Pioneer Realty Capital, a Texas-based commercial mortgage intermediary and non-bank lender, has closed a $5.6-million new-construction loan for a Candlewood Suites in San Angelo, Texas. The loan was arranged by negotiating a debt structure with participating lenders designed to minimize risk during the construction period.

The Pioneer Realty Capital team worked 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 reportedly 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 arranges and closes commercial mortgage transactions for a national network of capital and participating partners. 

Virtual Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.

The firm is headed by its founder and managing director, Charles Williams.

Read more on

Suggested Articles

Under the approved legislation, small businesses now will have 24 weeks (up from eight) to spend the funds loaned to them through the program.

A number of states offer immediate property tax relief related to disasters and calamities.

In the short term, borrowers should continue to focus on expense management as revenues increase.