Hotel bridge loans

Bridge loans closes the gas between acquisition of a new property and a permanent loan to finance that property for a longer term.
You can get more information on hotel construction here.
Nationwide Financing
* Rates: Fixed or Floating 5% to 8% *Loan Amount: $5 Million to $100 Million * Interest Only * LTV: 75% or LTC (up to 95% by adding mezzanine and preferred equity to the capital stack). * Term: 1 to 5 years * Origination Fee: Varies * Recourse: Recourse and Non-Recourse * Credit: FICO 620+ * Experience: Borrower must have experience on title with similar size hotels in the last 3 years. * Borrower Liquidity: 5%+ of the loan amount and cash to close * Prepayment: Varies * Lien Position: 1st position * Funding Time Frame: 3 to 6 weeks * Foreign Nationals: Welcome for USA properties * Upfront Fees: NO UP FRONT FEES
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