FINANCIAL_SERVICESONGOING

Benchmark Bank Construction Financing Supports Hotel Redevelopment

Benchmark Bank is providing the existing construction financing for the John Randolph Hotel redevelopment and has managed construction since November 2025. The proposed TRRC loan would repay that construction loan as the project moves toward January 2027 completion.

Document date · August 31, 2026

Track Virginia Tobacco Region Revitalization Commission | Commonwealth of Virginia contracts

Get alerts when new contracts are awarded or existing ones approach renewal at Virginia Tobacco Region Revitalization Commission | Commonwealth of Virginia.

Get started free

Create a free account · no credit card

Trusted by 200+ enterprise customers and 1,000+ teams on the free plan

Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
Construction began November 2025; anticipated completion January 2027
Renewal date
2027-01-31
Renewal
Existing construction financing is expected to be paid off with the proposed TRRC permanent loan; no renewal terms are stated.
Document type
StaffReport
Source document
Virginia Small Business Financing Authority StaffReport Credit Memorandum for John Randolph Hotel Redevelopment Loan 2026-08-31

Related contracts

Other contracts from Benchmark Bank.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Virginia Tobacco Region Revitalization Commission | Commonwealth of Virginia?

Benchmark Bank was awarded this financial services contract by Virginia Tobacco Region Revitalization Commission | Commonwealth of Virginia, as recorded on August 31, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a staffreport record.

Where was this contract approved?

This contract appears in Virginia Small Business Financing Authority StaffReport Credit Memorandum for John Randolph Hotel Redevelopment Loan 2026-08-31 (StaffReport), dated August 31, 2026 from Virginia Tobacco Region Revitalization Commission | Commonwealth of Virginia. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Benchmark Bank hold?

Benchmark Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Benchmark Bank's profile

What is Virginia Tobacco Region Revitalization Commission | Commonwealth of Virginia currently buying?

Explore Virginia Tobacco Region Revitalization Commission | Commonwealth of Virginia's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Virginia Tobacco Region Revitalization Commission | Commonwealth of Virginia's profile