T-Max Lending, a company in creative commercial financing, funded the acquisition and redevelopment of a hotel into a regional shopping mall. The project was financed with a loan package structured to support both the acquisition and extensive renovations required to convert the property into a vibrant retail hub. The development will include a mix of amenities, including stores (anchor stores, specialty shops and restaurants), entertainment (movie theaters, games and amusement rides) and other services (parking, professional offices, open-air shopping districts, seasonal decorations and more). The loan is structured at a six-year loan term.
“This project embodies our commitment to helping clients bring visionary projects to life,” Jackson Valerie, vice president of originations at T-Max Lending, said. “By providing flexible financing and expert support, we’re proud to play a part in turning this ambitious plan into a reality, which will not only benefit our client but also positively impact the region’s economy and community.”
“We don’t just underwrite loans, we focus on understanding the complete vision and providing the flexibility and speed our clients need to thrive, we are pleased to provide this financing,” Mason Simmons, chief financial officer of T-Max Lending, who helped see the deal through, said.
“T-Max Lending LLC understands and appreciates our vision of expanding regional shopping to metro areas,” Larry Hargadon, the borrower, said. “We feel our proven formula for building and operating regional shopping malls will continue to succeed in dense areas with rapid population growth.”
