Hospitality Funding arranges $ 60 million construction loan for 212-room Austin Cambria

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Palm Beach, Florida, October 25, 2021 – (PR.com) – Hospitality Funding, Inc, in partnership with SRF Ventures, is pleased to announce the closing of a $ 60 million construction loan for a new Cambria hotel in downtown Austin, Texas. This will be Cambria’s fourth property with franchise partner Stratus Development Partners, LLC, with the hotel scheduled to open in 2023.

Situated in a superb location in the downtown area of ​​the state capital, the fifteen-story, 212-room Cambria is within walking distance of Rainey Street, the Austin Convention Center and the University of Texas.

The capital is located along the Colorado River and is often referred to as Silicon Hills due to the strong presence of a variety of tech-related companies.

Cambria Austin will also offer a rooftop bar and a venue with separate street access.

Cambria hotels are designed to provide a unique and distinctive experience with the services and amenities travelers demand, including chic decor, flexible spaces for meeting or socializing, and rooms that feel like an upgrade.

Hospitality Funding President Scott Silver said, “Despite the Covid delay and a very challenging environment for hotel construction funding, we were able to deliver excellent execution for our client Stratus Development. We are very pleased to complete this transaction for downtown Austin Cambria ”

About Hospitality Funding Inc
Hospitality Funding, Inc. is an investment advisory firm specializing in equity raising, mezzanine and debt financing for the acquisition of all types of hotel assets. Hospitality Funding works with senior sponsors to find capital solutions that match their specific goals for real estate acquisitions. For more information, please visit www.hospitalityfunding.com.

About SRF Ventures
SRF Ventures is a real estate consultancy and direct lender offering a range of services in the areas of investment banking, asset and project management, investments and acquisition / disposal services.

About Stratus Development Partners, LLC
Stratus Development Partners, LLC (“Stratus”) is a full service real estate company. Together, the highly talented management team has over 40 years of institutional development experience in origination, rights allocation, repositioning and management focused on value-added strategic acquisitions and innovative developments. To learn more, visit http://www.stratusdev.com/company.


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