Max Downing Secures $12 Million Construction Loan for Everhome Suites™ Development on International Drive

August 2, 2024 – Orlando, Florida – Max Downing, Originator at Largo Capital, Inc., secured a $12 million construction loan to finance the development of a 109-room Everhome Suites™. This extended-stay hotel by Choice Hotels will be located on International Drive in Orlando, one of the busiest tourist corridors in the country. The site offers immediate access to major theme parks and tourist attractions.

Demand for extended-stay hotels is growing rapidly, yet many banks have either reached their lending capacity or paused construction loans for new clients. In some cases, banks require a significant depository relationship to approve new loans.

Thanks to Largo Capital’s expansive lending network, borrowers can be confident they’re receiving the most favorable loan terms available in the market. We’re always happy to provide feedback on your projects. Orlando Construction Loan Everhome