Hotel stabilization lease-up bridge loans
* Bridges the gap between acquisition of a new property and a permanent loan to finance that property longer term.
Uses: Purchase, Recapitalization, Construction Take Out, PIP Renovations, Conversions and Gap Financing
Lending Area: Nationwide
Rate: 5% - 8%
Loan Amount: $5 million - $100 million+
LTV: 75% LTV / LTC (up to 95% by adding mezzanine and preferred equity to the capital stack
Term: 1 - 5 years
Origination Fee: Varies
Recourse: Non-Recourse
Credit: 620+
Experience: Borrower must have experience on title with similar size hotels during the past 3 years
Borrower Liquidity: 5% of loan amount and cash to close
Prepayment Penalty: Varies
Loan Closing: 3 - 6 weeks
Foreign Nationals: OK
Fees: NO UPFRONT FEES
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Contact us at: 970-663-7306