June 27, 2023

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    Hankey Capital, BridgeInvest and other bullish hotel lenders for June 2023

    (2023 projected origination volume and preferences) AVANA Capital Volume: $150M-$250M Funded $50M as of April 2023; $3M-$20M loans for limited-service, select-service, extended-stay Hilton, Marriott, Choice, Hyatt, G6 and Wyndham hotels with 150 or less keys; Conventional loans: 65% LTV; 36- to 60-month terms; Bridge/Construction loans: 65%-75% LTV; 36-month terms; SBA 504 Acquisition loans: up to More