Latest news with #ThomasFinancialGroup
Business Upturn
08-08-2025
- Business
- Business Upturn
Thomas Financial Group and Phoenix Lender Services Close $7.5 Million USDA Business & Industry Loan for Wander / Reset Hotel Hotel Near Joshua Tree National Park, Supporting Local Job Growth and Economic Vitality
By GlobeNewswire Published on August 8, 2025, 22:21 IST JOSHUA TREE, Calif., Aug. 08, 2025 (GLOBE NEWSWIRE) — Thomas Financial Group and Phoenix Lender Services , subsidiaries of Community Bankshares Inc. , are proud to announce the successful origination, underwriting, and closing of a $7.5 million USDA Business & Industry (B&I) loan for the refinance of a construction loan to build the Reset Hotel , a high-impact hospitality project located just five minutes from the north entrance of Joshua Tree National Park. The loan was originated by TFG and funded by Community Bank & Trust (CB&T), also a subsidiary of CBI. Phoenix Lender Services (PHX), serving as the lender service provider (LSP) for CB&T, supported the underwriting and closing process, demonstrating the powerful coordination among CBI's specialized entities to move complex transactions forward quickly and efficiently. This strategic investment will create and retain over 20 jobs and is projected to generate millions in annual economic activity throughout the Morongo Basin region. The USDA loan was coupled with a $11.2MM CPACE loan as part of the capital stack as well. TFG is comfortable filling the gaps in the capital stack utilizing alternative capital sources such as CPACE, ITC, HTC, NMTC, and EB5. Situated on 11.17 acres directly adjacent to the park boundary, the 65-key modular steel-frame hotel will deliver unobstructed views of Joshua Tree National Park and provide guests with a first-of-its-kind lodging experience that blends upscale comfort with rugged natural beauty. The Reset Hotel will feature a host of premium amenities, including: A 1,000-square-foot swimming pool with a surrounding sun deck, private cabanas, and a full-service bar A 3,000-square-foot clubhouse with air-conditioned meeting space for corporate events and private functions A communal fire pit and lounge area designed to foster social connection under the stars An on-site convenience store serving both hotel guests and the local community 'This project represents everything the USDA Business & Industry program was created to support—economic revitalization, job creation, and sustainable development in rural communities,' said Zach Chandler, SVP, Government Guaranteed Lending at Thomas Financial Group. 'By originating, underwriting, and closing this loan, our team worked hand-in-hand with Reset Hotel to bring a transformative vision to life in one of the country's most iconic destinations.' With operations expected to create and retain more than 20 full- and part-time jobs, the Reset Hotel will also stimulate surrounding businesses and bring new energy to the area's service and tourism sectors. From ongoing hospitality roles and vendor partnerships, the project is expected to be a significant driver of rural economic development. 'Reset Hotel is about creating connections—to the land, to the local culture, to each other, and to ourselves,' said Adam Wininger. 'Thanks to the incredible support from Thomas Financial Group, Phoenix Lender Services and the USDA, we're building a place that doesn't just serve travelers—it helps uplift the locals and the region.' As Joshua Tree National Park continues to welcome over 3 million annual visitors, the Reset Hotel will help meet the growing demand for quality accommodations while positioning itself as a hub for both leisure and business travelers seeking a distinctive high desert experience. For more information about Thomas Financial Group and Phoenix Lender Services' USDA lending solutions, please contact: Media Contact:Hannah ConleyUproar by Moburst for Community Bankshares Inc. [email protected] About Thomas Financial Group (TFG) Thomas Financial Group, located in Atlanta, Georgia, is a nationally recognized leader in providing innovative and comprehensive commercial lending solutions tailored to meet the unique needs of rural and underserved communities across America. With over 40 years of experience in originating and packaging loans within the USDA and SBA government-guaranteed lending space, TFG's highly capable team helps clients successfully navigate even the most complex financing scenarios to meet the needs of our nation's businesses. TFG is a wholly owned subsidiary of CBI. About Phoenix Lender Services Based in Georgia and serving clients nationwide, Phoenix Lender Services offers a comprehensive suite of commercial lending solutions, including loan underwriting, closing, and servicing; participant lender matching; secondary market sales; portfolio management; risk analysis; and compliance reviews and regulatory support. Seasoned professionals at Phoenix combine extensive industry expertise in SBA, USDA, and commercial government-guaranteed lending with industry-leading technologies to deliver tailored solutions that align with each client's unique strategic goals. Phoenix Lender Services is leading the way in SBA, USDA, and commercial lending. About Community Bankshares Inc. Community Bankshares Inc. is a privately held financial holding company headquartered in LaGrange, Georgia, with subsidiaries including Community Bank & Trust , Thomas Financial Group , and Phoenix Lender Services . Through its network of specialized financial institutions, Community Bankshares Inc. delivers innovative, relationship-driven banking and lending services across the United States, with a strong emphasis on rural development, government-guaranteed lending, and community reinvestment. About Community Bank & Trust Community Bank & Trust is a full-service commercial bank and a subsidiary of Community Bankshares Inc. Based in LaGrange, Georgia, CB&T is an SBA Preferred Lender with a growing national footprint in USDA and small business lending. Known for its personalized service and deep lending expertise, CB&T partners with businesses and communities to deliver flexible, dependable financing solutions that support long-term growth across rural and underserved markets. About Wander Hotel also known as Reset Hotel Opening August 2025, Wander Hotel—also known as Reset Hotel—is a new 180-acre boutique property just minutes from Joshua Tree National Park. Designed by renowned architect Ben Uyeda, the modular-built retreat offers 65 design-forward rooms featuring private patios, mountain views, and eco-luxury amenities. The property includes a clubhouse with co-working space, curated retail, and a café/bar led by Chef Alvaro Castellanos. Guests can relax by the pool and jacuzzi or explore the surrounding desert landscape. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
24-07-2025
- Business
- Yahoo
Thomas Financial Group secures loan to restore hotels in California, US
Thomas Financial Group has secured a $19.97m USDA Business & Industry loan, which will be redirected towards the full renovation of Mendocino Hotel & Garden Suites and Hill House Inn, two properties in California, US. This funding also aims to refinance the properties and significantly boost local employment, creating more than 50 jobs. The comprehensive plan for both assets will not only refurbish all guest rooms but also relaunch a key food and beverage venue and the largest indoor event space on California's North Coast. Castle Peak Holdings, the new owner of these properties, is set to launch a restoration to improve the experiences of the guests. The renovation will see upgrades across both sites, restoration of a historic lobby bar and a three-meal restaurant at Mendocino Hotel. Additionally, the North Coast's largest indoor wedding venue will be reopened, and improvements will be made to room layouts, Americans with Disabilities Act (ADA) compliance, and coastal-facing suites. The projects will also focus on activating public gathering spaces for both locals and tourists. The Mendocino Hotel & Garden Suites stands as the sole full-service hotel in the downtown district. Set to be transformed into a hilltop retreat, Hill House Inn will feature meeting and event spaces, offering ocean views and convenient access to downtown Mendocino. Thomas Financial Group government guaranteed lending senior vice-president Zach Chandler said: 'We delivered a complex, long-term loan structure to support two of Northern California's most irreplaceable hospitality assets, and did it with the stability of USDA financing.' The loan has an 80% USDA guarantee and a 30-year term without balloon payments. The properties signify a substantial part of Mendocino's total hotel room inventory. "Thomas Financial Group secures loan to restore hotels in California, US" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Associated Press
20-05-2025
- Business
- Associated Press
Thomas Financial Group Closes Over $34 Million in Bridge Loans for USDA Takeout in Under 40 Days
ATLANTA, May 20, 2025 (GLOBE NEWSWIRE) -- In a powerful demonstration of speed and strategic execution, Thomas Financial Group (TFG), a wholly owned subsidiary of Community Bankshares Inc., in partnership with Siguler Guff, Phoenix Lender Services (PHX), and Community Bank & Trust, successfully originated, underwrote, and closed three hospitality bridge loans totaling over $34 million in less than 40 days. All loans are structured for USDA Business & Industry (B&I) program takeout, reinforcing the firm's capacity to deliver complex, time-sensitive financing solutions. While USDA lending is traditionally known for its thorough but lengthy approval process, TFG is redefining what's possible. Through creative structuring and seamless collaboration across its lending ecosystem, TFG and its partners provide rapid bridge loan execution to fill the timing gap – giving borrowers immediate access to capital while finalizing their long-term USDA financing. The recently closed projects will create and retain nearly 50 jobs across key rural markets. 'These transactions prove that USDA lending doesn't have to be slow or complicated,' said Zach Chandler, SVP, Government Guaranteed Lending of Thomas Financial Group. 'When you work with TFG, PHX, and Community Bank & Trust, you're getting a team that understands how to move at the speed of business – without compromising the long-term benefits of USDA-backed financing.' TFG's USDA bridge-to-permanent platform is available in all 50 states and every U.S. territory, providing borrowers in rural communities with access to flexible financing structures tailored to their timing and growth needs. In a market climate defined by rate uncertainty and capital constraints, borrowers value the security of a 30-year fully amortizing loan with no balloons or call provisions – exactly what USDA lending can provide. 'Peace of mind in today's economy is priceless,' added Chandler. 'Our ability to deliver both speed and long-term stability makes us a trusted partner for developers, business owners, and project sponsors across the country.' If you're seeking fast, creative financing for your rural project – with the peace of mind that comes from a long-term USDA solution – now is the time to act. Contact TFG today to explore our USDA bridge-to-permanent platform and discover what's possible when you partner with a team built for execution. TFG Contact Email: [email protected] Phone: (770) 655-1569 About Thomas Financial Group Thomas Financial Group, a wholly owned subsidiary of Community Bankshares Inc., is a nationally recognized leader in USDA and SBA lending. In partnership with Phoenix Lender Services and Community Bank & Trust, TFG specializes in complex capital solutions that support rural economic development, small business growth, and infrastructure expansion. About Community Bankshares Inc. Community Bankshares Inc. is a privately held financial holding company headquartered in LaGrange, Georgia, with subsidiaries including Community Bank & Trust, Thomas Financial Group, and Phoenix Lender Services. Through its network of specialized financial institutions, Community Bankshares Inc. delivers innovative, relationship-driven banking and lending services across the United States, with a strong emphasis on rural development, government-guaranteed lending, and community reinvestment. About Community Bank & Trust Community Bank & Trust is a full-service commercial bank and a subsidiary of Community Bankshares Inc. Based in LaGrange, Georgia, CB&T is an SBA Preferred Lender with a growing national footprint in USDA and small business lending. Known for its personalized service and deep lending expertise, CB&T partners with businesses and communities to deliver flexible, dependable financing solutions that support long-term growth across rural and underserved markets. About Phoenix Lender Services Phoenix Lender Services is the operational engine behind the USDA and SBA lending platform and wholly owned subsidiary of Community Bankshares Inc. Specializing in origination, underwriting, processing, closing, and servicing, Phoenix provides seamless back-end support and strategic oversight for government-guaranteed loans. With a team of seasoned professionals and a nationwide reach, Phoenix empowers lenders and borrowers with the tools and expertise needed to deliver consistent, compliant, and efficient results. Media Contact Abigail Davison Uproar by Moburst for Community Bankshares, Inc. [email protected]
