Cole Spain focuses on debt and equity finance for the Hospitality industry. He is a real estate capital markets professional with deep expertise in debt, structured finance, and investment sales across a wide range of asset classes, including hospitality, multifamily, retail, mixed-use, condominium, senior living, self-storage, land, and special use assets.

As Director of Business Development at Twenty Degrees North from 2021 - 2025, Cole executed over $427 million in financing transactions and consulted on an additional $80 million, across an array of capital structures including conventional financing, bridge, construction, CMBS, CPACE, mezzanine, preferred equity, equipment financing, and special assessments.

Prior to that, Cole served as Vice President of the Hospitality Group at Bull Realty from 2018 - 2021, where he closed more than $30 million in hotel investment sales and non-performing loan transactions. He notably led the firm’s first hotel deal since the Great Financial Crisis, independently sourcing both the seller and buyer.

In addition to his strengths in relational business development and deal execution, Cole brings a robust analytical foundation to his work. In his underwriting experience, he built financial models assessing asset-level performance, individual loan originations and credit risk, as well as forecasting company level performance of private credit direct lenders with various waterfall structures.

Cole holds a Bachelor of Business Administration in Managerial Finance and Real Estate from the University of Mississippi, where he graduated cum laude. He has also earned an advanced certification in Real Estate and Hotel Investment from Cornell University and completed the Professional Writing Program through UC Berkeley Extension.

An Atlanta native, Cole and his wife, Audrey Ruth, actively serve in their community of Clarkston, GA through their local church Christ Covenant and ministries such as Send Relief and Kidz2Leaders. In his free time, he enjoys Ole Miss athletics, Atlanta sports, golf, hunting, and spending time with his wife, friends, and family.