Robb Capital, CRE Loan and Better Commercial Real Estate Mortgage Arrange $42.84 Million Financing for Le Meridian Dallas by the Galleria Hotel in Dallas, TX

Le Meridien Dallas by the Galleria Hotel, Dallas, TX

Palm Beach, FL - Robb Capital, LLC, CRE Loan and Better Commercial Real Estate Mortgage, Inc. are pleased to announce they have arranged financing in the amount of $42,840,000 for the Le Méridien Dallas by the Galleria. 

Le Méridien is a luxurious, 258 all-suite hotel, located in the city’s premiere North Texas Shopping district, and just steps from the world renowned Galleria Dallas Mall, art galleries, museums, thriving restaurant districts, shopping and entertainment.

“We couldn’t be happier with this deal,” says Brian H. Robb, MBA, MSc, President and Founder of Robb Capital, LLC and CRE Loan (a DBA under Robb Capital that focuses solely on their non-recourse platform, with a strong emphasis on commercial mortgage backed securities). 

Brian H. Robb

“We are very proud of our team for finding the ideal source partner, which enabled our borrower to secure customized, long-term, non-recourse fixed rate financing with an aggressively priced spread,” stated Eric H. Better, Founder of Better Commercial Real Estate Mortgage and partner in Robb Capital along with CRE Loan.

According to Mr. Better, two strategic parcels were carved out of the collateral, with the borrower planning to build a convention center and parking structure on these pads.

With such diverse plans for the project, this will significantly increase the net operating income, net cash flow, and overall value of the hotel.

“After the market recession, we saw our clients filing corporate and personal bankruptcy to protect their CRE properties,” states Mr. Robb.  “Mr. Better, the president of Better Commercial Real Estate Mortgage, and I saw that there was a need for a strong non-recourse financing platform for CRE Loans. 

Eric H. Better

"Thus, CRE Loan was formed.  The Le Méridien financing is the perfect example of how a non-recourse fixed rate request can be customized, without the need for a bridge loan.”

Financing terms for the Le Méridien include a 10 year, non-recourse term with a 70% LTV and a 30 year amortization. 

For more information about Robb Capital, LLC, or about the deal, please visit www.Robb.Capital and www.CRE.Loan

For more information on this press release, please visit:http://www.getnews.info/860780/brian-h-robb-mba-msc-robb-capital-llc-eric-h-better-better-commercial-real-estate-mortgage-inc-arrange-financing-to-the-amount-of-42840000-for-the-le-meridien-hotel-in-dallas.html

 Contact:

 Robb Capital, LLC
Scott Talarico
Email: info@robb.capital
Phone: 561-360-5964
Country: United States
Website: www.Robb.Capital