Hotel Management Comany
Ballroom & Lobby FF&E and Soft Costs
Managed Cash Flows
Managed Progress Payments
Complete Project Management
Broad Collateral Allowance
Client required rapid, creative reimbursement of equipment purchases in order to convert variable debt to fixed-rate financing with more flexible terms despite company’s seasonal cash flows and complex legal requirements.
Together, Regents and the client have faced many challenges. In particular, servicing two large projects with upwards of 50% soft costs in multiple locations with 30+ vendors and tiered approval processes required Regents to fully extend our project management expertise to all key stakeholders.
In addition, the client required creative reimbursement financing of recent equipment purchases in order to convert variable debt to fixed rate with more flexible terms, apply capital to bridge seasonal cash flows and to satisfy complex legal requirements associated with existing equipment liens.
As a result, the client has expanded operations and increased penetration into the luxury hospitality market within the Southeastern region of the U.S.
We have had the pleasure of working with Regents Capital on multiple lease financing projects over the years. Their ability to finance our projects, including those with upwards of 50% soft costs continues to surprise us and surpass all others who have competed for our business in the past. Regents also secured funding for previous equipment purchases enabling us to hit our project deadlines; critical in our seasonal based business. Regents excels in project management, often serving as our right hand by processing complex documentation, coordinating with our internal departments and multiple vendor management, all while providing rapid funding. Many of the past projects commenced even before the equipment was delivered.
Our shared success has established a relationship of trust that extends well beyond business, and we look forward to our future partnership with Regents.”
Chris K., Chief Financial Officer