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| Chris Clark |
WASHINGTON, D.C., Dec. 14,
2012—Officials today announced the formation of a new hotel finance company, db
Capital Ventures, that will provide hoteliers with a full-range of loans,
from CMBS to construction loans with financing up to 80 percent loan to value.
Headquartered in
suburban Washington, D.C., the new company will be led by hotel finance veteran
Chris Clark, principal and founder.
“The hotel lending landscape remains complex but there is
substantial debt available for hotels, including cash-flowing and troubled
properties,” Clark said.
“Lenders have been on the sidelines for the past several years
and now are returning to the market as the hotel industry continues to recover
from the Great Recession. However, today’s loan structures are different from
any previous real estate cycle.”
For a complete copy of the company’s news release, please
contact:
Jerry Daly
media
(703) 435-6293
db Capital Ventures
P.O. Box 9444
McLean, Va. 22103
703-626-2828
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