Looking for hotel financing? Graco Commercial Capital has got you covered! Our comprehensive solutions cater to hotel owners, investors, and developers. Explore our range of loan programs, including acquisition financing, construction loans, and refinancing options. Benefit from our competitive rates, flexible terms, and personalized service. Whether you're a seasoned hotelier or a first-time buyer, our experienced team will guide you through the financing process and help you achieve your hospitality business goals. Visit our website today to learn more about our hotel financing solutions and start your application.
Other Sources for Hotel Financing
Franchise Exclusive Lending Programs: Franchisors self-finance or work with lenders to extend hotel financing to franchises. Usually, there are conditions, such as a requirement for a comfort letter and adherence to Property Improvement Plan (PIP) mandates. PIPs require a franchisee to spend a certain amount of money over time to maintain the brand standards, including FF&E and energy efficiency upgrades. Franchisors may offer hotel financing for PIPs, but this funding is also available through other sources, such as banks, the SBA, and mezzanine loans.
Private Lenders:Non-bank private sources of hotel financing include real estate investment companies, insurance companies, pensions, and a variety of commercial lenders. Private lenders are an important source for hotel financing when borrowers don't meet bank underwriting standards.
CMBS Conduit Loans: These loans offer attractive terms for large loans on high-end properties. Typically, the LTV ratio is 80% for these non-recourse, fixed-rate loans with up to 10 years on a 30-year amortization.