HREC Investment Advisors Expands Platform
Monday September 16th, 2013 - 10:21AM FS
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DENVER—HREC Investment Advisors is expanding its mortgage brokerage platform, forming a capital markets group within its hotel brokerage platform.
The Hotel Capital Markets Group, also known as HREC H-CAP, will continue to focus on arranging acquisition debt, refinance, structured finance utilizing subordinate debt and preferred equity and other forms of capital. While HREC Investment Advisors is best known for orchestrating the sale of over 700 hotels, the HREC Capital Markets Group also has arranged in excess of $6 billion of hotel debt for clients.
Mike Armstrong, principal in the San Diego office who will co-manage the capital markets group, stated, “The expansion of our capital markets practice positions us well to serve our clients with the strong recovery of the hospitality industry and the return to a relatively normal financing environment. The return of commercial banks, and especially CMBS, has created an excellent opportunity for our clients to refinance maturing loans and/or obtain acquisition financing at historically low rates.”
A new addition for HREC H-CAP is Jake Stahler, who will be based in the New York office as SVP/Capital Markets. He most recently covered CMBS conduit lending in the Northeast for Deutsche Bank and was with a mortgage REIT prior to that.
Tags: HREC • Stahler • Investment Advisors • capital markets group • brokerage • Hospitality • Brokers • Sources of Funding •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.