Job of Titan Capital places $6.25 million loan for Queens hotel development project

March 21, 2017 - Financial Digest
Matthew Job, Titan Capital

Queens, NY Titan Capital ID, LLC was approached by experienced New York hotel developers in order to refinance their existing debt and to provide additional capital for the completion of their latest project on Archer Ave. in the Jamaica section. The developers had previously received approved plans for a new six-story, 103-room hotel, which will be flagged by a national hospitality brand. Despite having a substantial net worth and experience in hotel development, the developers were unable to find traditional bank financing due to the time constraints on their existing debt. Matthew Job of Titan Capital was able to understand the situation and commit to the deal, providing $6.25 million in funding to refinance the existing loan and complete the project.

Thanks for Reading!
You've read 1 of your 3 guest articles
Register and get instant unlimited access to all of our articles online.

Sign up is quick, easy, & FREE.
Subscription Options
Already have an account? Login here
Tags:

Comments

Add Comment