Chicago, IL – NXT Capital (“NXT”) announces the creation of a hotel-lending unit led by Mike Huffman. NXT’s hotel financing program targets full-service, select-service, and limited-service hotels supported by strong national brands. NXT aims to provide debt financing primarily in major markets with a deal size range of $15 to $35 million. Loans are priced on a floating rate basis over LIBOR with terms ranging from three to five years. NXT’s underwriting criteria requires experienced sponsorship, solid in-place cash flow, and stable-to-improving market conditions.

Mr. Huffman has over 20 years of commercial lending experience and has focused specifically on hotel debt and equity transactions during the last ten years. Most recently, he was responsible for investment management and investor relations for Highgate Hotels. Prior to this he worked for ORIX, Merrill Lynch Capital, GE, and Heller Financial.

NXT Capital is a privately held commercial finance company headquartered in Chicago, providing structured financing solutions to the middle market through its Corporate Finance and Real Estate Finance groups.