Construction Loan

Courtyard Winston Salem

Acquistion & Development
Courtyard Winston Salem
Winston Salem, NC
126 Keys

Principals of Schelin Uldricks & Co. arranged a $15MM construction loan to acquire and complete a 126-key Courtyard by Marriott hotel in Winston Salem, NC. The project was 60% complete at close. The property was located in an Opportunity Zone and the financing enabled the new owners to acquire the project, finish the construction, and obtain cash flow in a quicker time period than traditional ground up OZ construction projects.

Posted in