Division 03 · Finance
Debt advisory — financing built around the asset's real cash flow.
We structure and place hospitality debt across the USA and Europe, negotiate terms with senior lenders, debt funds and alternative capital, and support borrowers through restructurings and workouts.
01
Acquisition & refi
Senior, stretch-senior and mezzanine debt sized to sustainable NOI, not optimistic pro-formas.
02
Construction & bridge
Development, conversion and transitional financing with staged draw structures.
03
Lender process
Lender selection, term sheet comparison and negotiation of covenants, reserves and recourse.
04
Restructuring
Maturity defaults, covenant breaches, extensions, modifications and workout strategy.
Capital sources
- Banks and balance-sheet lenders
- Debt funds and private credit
- CMBS and securitized markets
- Mezzanine and preferred capital
Deliverables
- Debt sizing and coverage analysis
- Lender-ready credit memorandum
- Term sheet comparison matrix
- Closing and covenant checklist
Borrower situations
- Stabilized and transitional assets
- PIP and renovation funding
- Partner and portfolio recapitalization
- Distress and maturity pressure
Better terms come from better analysis.
Send us the asset, the existing debt stack and the timeline — we will map realistic financing paths and lender appetite.