Vista Capital Company is a Los Angeles-based, real estate investment banking firm Closes $22,500,000 of Financing for Two Hotels in Indiana
Vista Capital Company, a Los Angeles-based, real estate investment banking firm that arranges financing for hotels announced that it recently arranged $22,500,000 of financing for the Candlewood Suites located in Terre Haute, Indiana and the Holiday Inn Express in downtown Indianapolis. The loans were funded separately and were not cross-collateralized. Zak Selbert, founding principal at Vista Capital said that “Our hospitality clients are taking advantage of CMBS rates below 4% for the first time ever.”
Both properties recently underwent significant renovations and cash flow is jumping at the hotels. The assets are dominant in their markets and are owned and operated by one of the most experienced development groups in the region. fintech news
Indiana’s hospitality market is growing despite significant new supply over the last few years, powering a resilient sector that is attracting institutional investment. The Terre Haute market will soon be boosted by a new convention center, while Indianapolis remains a solid and growing metropolitan powerhouse.
Vista’s focus is centered on the hospitality industry and this financing reinforces their dominant position as a capital intermediary in Indiana and countrywide. Vista was able to negotiate highly favorable, non-recourse, fixed-rate financing for the properties. The financings were awarded to a European-based investment bank after a competitive bidding process that is core to Vista’s capital-raising strategy.
