According to Carlton chairman Howard Michaels, the firm has arranged the signing of a $62 million mezzanine finance application to be secured by a 205-key hotel under construction. The lender is a new overseas fund doing business in the U.S.
Charlotte, NC Merchants Capital closed $15.5 million in financing for the construction of Ryans Way, a 60-unit low-income housing tax credit (LIHTC) development developed by Scantland,