NON-RECOURSE - HOTEL PURCHASE:
• $3 MM and up loan amounts
• 5-10 year term
• 15-30 year amortization
• DSC 2.5
• 70% LTV
• Flagged
• Limited & Full Service, Extended Stay
• Experienced operators
RECOURSE
• Hotel Purchase - $500 K Minimum Loan
A. Purchase existing operating property
i. May include:
• Land / Building / Equipment / Good Will
• Operating Capital
• Existing business
B. Up to 85% CLTV
i. SBA loan
• $500 K to $15 MM
C. Requires a Star Report
• Hotel Construction - $3 MM minimum
A. Land purchase
B. Construction cost
C. Equipment
D. Interest only
E. One time close - construction to permanent loan
F. Requires a Star Report and Feasibility Study
• Hotel Portfolio - Multi-Property Loans
HOTEL BRIDGE AND REHAB LOANS (FOR NON-STABILIZED PROPERTIES)
• Purchase
• Rehab
• Foreign Nationals
Financing Programs
• SBA
• USDA
• Conventional
• Hard Money
• Bridge