Permanent loans are used to Purchaseor refinanceexisting hotels with stabilized cash flow. We offer hotel financing that can help your hospitality business achieve a higher degree of success in the competitive marketplace.
Our team can help provide the most practical and effective solutions for all your ongoing hotel lending needs.
* Loan Amount: $1 million to $50 million
* Rate: 5.50% to 7.50%
* LTV: Purchase or Refinance up to 75% LTV or 80% LTC (up to 95% by adding mezzanine and preferred equity to the capital stack)* Term: 5,7, or 10 years
*Amortization: 20 - 30 years
*Origination: 1 - 2 points
* Recourse: Non-Recourse with standard carve out exceptions
* Credit Score: 680+ (620 + for Bridge loan program)
* Experience: Borrower must have experience on title with similar size hotels in the last 3 years
* Borrower Liquidity: 5% of loan amount and cash to close
* Prepayment: Varies
* Lien Position: 1st
* Funding Timeframe: 4 to 8 weeks
* Foreign Nationals: OK
* Upfront Fees: NO UPFRONT FEES