Cameron J. Larkin, Senior Vice President of Business Development for First American Realty, arranged the financing on behalf of the sponsorship entity, Ward’s Road Corridor, LLC.

This is the eighteenth hotel development for sponsor and contractor Scott McAllister of Helm Builders, LLC of Apex, NC. Other sponsors in the project are Norris D. Blanks of Washington DC and Robert Bruce Johnson of Lynchburg, VA.

The property is located in the heart of existing and major new retail/commercial area developments, as well as being adjacent Liberty University, Lynchburg Airport, and major junction interchanges of routes 460 and 29.

The hotel will be managed by Destination Hospitality, of Virginia, LLC, owned and operated by the project sponsors and Suresh Mathur of Roebuck, SC.

“This deal was a rare example of a project that still pencils out extremely well in an environment of steadily increasing construction costs,” said Larkin. “The Lynchburg market is thriving and desperately in need of this new upper end hotel product.”

“Cameron took care of every financing detail, and our confidence in him allowed us to focus on other project areas, knowing he would resolve any unexpected issues or lender requests. We will again be working with him on our next upcoming hotel project, “ said borrower Norris Blanks.