Transaction Details
Hotel
$38,000,000
Myrtle Beach, SC
Hotel
- Project Type: Hotel
- LTC: 71%
- LTV: 50%
- Rate: 8.4%; 475 Over SOFR
- Term: 3+1+1
Transaction Overview
MBP arranged the recapitalization of voco The Shelby – Myrtle Beach by IHG, a recently renovated 241-key oceanfront hospitality asset ideally located steps from the Myrtle Beach Boardwalk and SkyWheel. The financing assignment required a lender and equity partner that could look beyond current operating performance and fully understand the property's repositioning story, market fundamentals, and continued ramp-up potential following renovation and rebranding.
Our team structured and executed a capital stack anchored by a non-recourse senior loan alongside a simultaneous JV equity partnership, creating a flexible solution that provided both stability and future upside for ownership. Hospitality financing remains one of the more selective sectors in today's market, particularly for transitional assets, making lender alignment, sponsorship positioning, and execution certainty critical to a successful outcome.
By leveraging MBP's relationships across both debt and equity capital providers, we were able to deliver a tailored structure that met the borrower's objectives while positioning the asset for continued operational growth and stabilization. This closing reflects MBP's continued ability to navigate complex recapitalizations and source creative financing solutions across the hospitality sector.
MBP specializes in debt and equity placement for all asset classes. Our extensive network of unique capital sources in development and permanent financing and extensive capital markets knowledge allows us to tackle a wide variety of transactions, regardless of complexity or size, to benefit our clients.
MBP has a team of dedicated and experienced finance professionals with you at every step. We are consistently improving and expanding our capital market relationships and are committed to exceeding our client's expectations through these relationships, innovative solutions, and outstanding work ethic.
Intermediaries Team
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