This type of commercial mortgage that liens a specific classification of hospitality property. US Trust lends in this space.
Hotel and motel projects can vary greatly with factors such as size, cost, timeframe, level of construction, and many more dictating factors.
See below for examples of rates, terms and situations we lend on:
*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
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.
We'll negotiate the best rates and terms possible for your financial situation and get you funded in 1-4 days!
Please consider us for your next hotel financing project. We'd love the chance to earn your business!