Hospitality Funding, Inc. Arranges $10.4 Million Construction Loan for WoodSpring Suites Hotel in Sanford, NC

Hospitality Funding, Inc. Arranges $10.4 Million Construction Loan for WoodSpring Suites Hotel in Sanford, NC

Palm Beach, FL– August 2026

Hospitality Funding, Inc., a boutique financial advisory firm specializing in capital solutions for the hospitality industry, is pleased to announce the closing of $10,389,471 in construction financing for the development of WoodSpring Suites, a 122-key extended-stay hotel to be built along Highway 87 in Sanford, North Carolina.

Developed by Anvaya Investments, the new WoodSpring Suites will offer guests a fitness room, guest laundry, and fully equipped in-suite kitchens. The property is strategically located along the Highway 87 corridor connecting Fayetteville, Raleigh, and North Carolina's Research Triangle, and is well-positioned to benefit from consistent demand generated by nearby Fort Liberty (Fort Bragg), Central Carolina Community College, and Sanford's revitalized historic downtown.

“This financing reflects our continued commitment to supporting best-in-class developers in the extended-stay space,” said Scott Silver, CEO. “WoodSpring Suites is a proven, recession-resistant brand, and Sanford’s growth trajectory made this an attractive opportunity for our lending partners.”

Hospitality Funding, Inc. advised on all aspects of the capital raise, leveraging its deep lender relationships and hospitality expertise to arrange financing tailored to the project's development needs and market positioning.

About Hospitality Funding, Inc.

Hospitality Funding, Inc. is a boutique financial advisory firm focused on raising equity, mezzanine, and debt financing for the acquisition, refinance, and development of hospitality assets throughout North America.

Bridget Dorman, August 2026