HALL Structured Finance’s $55 million loan to finance construction of a Hyatt resort hotel and retail project in Palm Springs, California.


Haynes and Boone advised HALL Structured Finance on the transaction

The 150-room Hyatt Andaz hotel and retail project, which is being developed by Rael Development Corp., is expected to open by January 2019 in downtown Palm Springs.

Hall Structured Finance, Inc. provides financing for predevelopment land, debtor-in-possession, and special situations, as well as real estate construction, repositioning, and acquisition. The company, led by Mike Jaynes, Mark LaCourse, Larry Levey, David Nachman and Rebecca Davis is based in Dallas.

Haynes and Boone advised with a team including Keenan Kolendo (Picture), Frasher Murphy and Mei Zhang.

Involved fees earner: Keenan Kolendo – Haynes and Boone; Mei Zhang – Haynes and Boone; Frasher Murphy – Haynes and Boone;

Law Firms: Haynes and Boone;

Clients: Hall Structured Finance, Inc.;

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Author: Ambrogio Visconti