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. 

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

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

Read more on

Suggested Articles

Ground rent or ground lease deals have been moving into the mainstream with great effect at companies such as PPHE Hotel Group.

Growing interest in the lodging sector from institutional investors looking for steady returns has spurred an increase in ground-rent deals.

The operator, developer and investor has secured a loan through an environmental, social and governance financing structure for eco-friendly hotels.