SMALL BUSINESS SPOTLIGHT: Turnbull Capital Group
We provide hospitality new-build construction, refinance and acquisition debt from $15M to in excess of $100M non-recourse with no equity warrants up to a 75% LTC/LTV in the 4.55% - to 8.0% range. In stabilized existing hotels and portfolios that survived this most recent black swan event – we are getting term sheets at the sub-4.00% fixed rate for five years – subject to brand and credit.
We are aligned with some of the most creative debt and preferred equity providers in the hospitality industry. Our strategic partners are sitting on approximately $20B of dry powder for deployment in the hotel and resort rescue capital space.
About the Principals of Turnbull Capital Group:
Dr. Donald W. Wise has been one of the most respected leisure and hospitality investment bankers in the world for 38 years. With fellow Cornellian, 23-year hospitality business partner Michael P. Branigan, he has been involved in approximately USD $10.6 B of “healthy and troubled” advisory, consultation, note sales, equity and debt placements, and transactional engagements on both the buy-side and the sell-side, full time since 1984. Our Team has grown from three to fifteen seasoned thirty-year hospitality professionals since 2010 spanning across the United States from Newport Beach, to Orlando to Washington, DC. He is the Co-founder and Chairman of the Board of Turnbull Capital Group in Newport Beach, California.
Ahead of the investment banking curve:
- Dr. Wise founded what is today CBRE Hotels in 1984 during his twenty-year stewardship with that firm; and
- He was also the Founder of the Global Hospitality Industry Leisure and Hospitality investment Banking hospitality lending practice at investment bank Johnson Capital in 2007, which is now Walker & Dunlop.
The Turnbull Capital Group Team of fifteen Senior Managing Directors - all thirty-year veterans in the distressed hospitality space - have been involved in approximately USD $19.5 Billion of on and off-market hotel and transactions on both the buy-side and the sell-side; preferred equity placement; debt placement; note sales; hospitality workouts; restructurings; bankruptcies; receiver controlled; and lender owned real estate over 38 years.