T-Max Lending LLC Closes $15.5 Million Hotel Development in Charleston, SC

SAN DIEGO, Feb. 13, 2025 (GLOBE NEWSWIRE) -- T-Max Lending LLC is pleased to announce the successful closure of a $15,500,000 commercial loan to a prominent developer in Charleston, South Carolina. This strategic financing will support the completion of a state-of-the-art hotel currently under construction in the heart of Charleston.

The hotel, designed to be a luxurious retreat for both leisure and business travelers, will feature an array of premium amenities, including an expansive swimming pool, a fully equipped fitness center, ample parking facilities, and modern meeting spaces for corporate events. Additionally, the hotel will offer spacious, well-appointed guest rooms, dining options, and entertainment areas, ensuring comprehensive and elevated guest experience.

The loan was structured with a 3-year term and an interest rate of 8.9%, with an underlying (LTC) ratio of approximately 95%. The loan proceeds will be used exclusively for the completion of the hotel’s construction and interior fit-out, further solidifying T-Max Lending LLC’s position as a trusted financial partner for commercial real estate developers.

“We are excited to play a key role in bringing this new hospitality project to life in Charleston,” said Jackson Valerie, Vice President at T-Max Lending LLC. “With a strong loan structure and competitive terms, we’re confident this development will contribute to the city’s growing appeal as a top-tier destination for both tourists and business travelers alike.”

T-Max Lending LLC remains committed to providing flexible, customized financing solutions to support developers in completing high-impact commercial real estate projects. The company’s expertise continues to make it a leader in the industry, helping to drive economic growth and community development.

For more information about T-Max Lending LLC and its lending services, please contact:

T-Max Lending LLC
[email protected]
619 259 0177
www.tmaxlending.com

You May Also Be Interested In

• Nova Southeastern University Accelerates Global Ocean Strategy with Appointment of Jason Box and Refitting of a Global Research Vessel
• Dallas' Hamilton Wingo Boosts Trial Team with Matt Brower Addition
• Save Exuma Alliance welcomes development halt at the Rosewood Exuma site as it joins other small island nations in calling for the luxury hotel brand to withdraw its name from controversial projects t