Scientific Capital arranges a 9.5 million loan for the refinance of the full service Holiday Inn hotel in Hoover, AL. The hotel completed construction in 2011 and needed another year or two of operation to reach full stabilization, higher valuation, and lower loan to value making it qualified for any type of financing. A higher loan to value under conventional programs is harder to achieve in our current market. CMBS Conduit loans generally do not go over 70% on hotels and the banks in the local markets, if not having a portfolio concentration on hotels, generally like to remain at 65% to maximum of 70%. Scientific Capital was able to arrange a loan participated by two regional lenders to reach 77% loan to value on a 10 year loan with fixed rate in low 4%s. The diligence on the side of the Scientific Capital and the willingness to take the tough road of conventional non-CMBS road but also the patience and the well organized business structure and operations of the client was key in placing this loan where the search and the negations with the lenders took nearly about the same amount of time as the processing and the closing of the loan.