Hotel/Motel Financing
This type of commercial mortgage that liens a specific classification of hospitality property. US Trust lends in this space.
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Hotel and motel projects can vary greatly with factors such as size, cost, timeframe, level of construction, and many more dictating factors.
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See below for examples of rates, terms and situations we lend on:
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*10% down with 90% LTV for purchases
*Hotel bridge money/short term to 65% LTV
*Interest rates from 7.50% to 15% depending on credit and income quality.
*Non-recourse * cash out: first and second liens
*Private money programs if your bank passed on your vision.
*Non-bank and venture funding
*Acquisition & development
*Properties with slow cash flow
*SBA 7(a) and SBA 504 loans
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Hotel / motel loans can be used for a variety of purposes including renovation and construction costs as well as equipment purchases for your hotel or restaurant.
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We'll negotiate the best rates and terms possible for your financial situation and get you funded in 1-4 days! Â
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Please consider us for your next hotel financing project. We'd love the chance to earn your business!Â