Unlike many in the financing industry we understand Hotels are more than
just another piece of commercial real estate. Hospitality funding for
your project requires working with those who understand that these
unique property types are also complex operating businesses.
Often this fact is overlooked by many lender/investors providing
capital. We know the challenges, complexities, of hotel
ownership, coupled with the ability to generate significant returns on
investment for these well managed business properties.
In the current market we continue to see hospitality assets purchased at
a reduced price across the U.S. representing an immense opportunity for
investors and owners.
Our represented clients benefit from:
1- Our working knowledge of the Hospitality industry.
2- Project analysis, pre-underwriting skill sets, assistance and review of market funding options.
3- Feasibility market study
4- Management team recommendations
5- Flag request for owner PIP upgrades and other requirements
6- Structured finance options
7- Access to a wide range of funding resources.
Capital Resources Non SBA USDA:
Available for construction and existing projects
1st position only debt
Investor only ownership is allowed unlike SBA or USDA
Minimum requests are $5mm and up under this program
Loan to value 75% existing projects and 65% loan to cost for construction
Will consider cross collateral using like property types
Appraisals will be requested
Close 45 to 60 days
For responsive consideration, send Executive Summary of the project and
financials. Letters of Interest will provide conditions including
In Addition Hotel Renovation program: Capital provided for hotel renovations and FF&E including new construction projects
Terms 3 to 10 years fully amortized over the useful life
Current rate range between 6.5% and 9% depending on credit review, scope of project
**Interest only options** available based on repositioning or stabilization needs
Collateral: UCCs are filed on Furniture, Fixtures, & Equipment.
This is a fixed rate,
long term program for small businesses in acquisition of fixed assets,
including land and improvements, new facilities, existing buildings,
machinery and equipment. New--the American Recovery and
Reinvestment Act of 2009 made some permanent changes to the 504 program
including the ability of borrowers to refinance existing debt.
Loan size from $100,000 to $10 million
Purchase up to 90% loan-to-value (with bank first and CDC second combined) depending upon property type
Owner Occupied to 50% plus of the owner user property
Amortization periods from 20 to 25 years
Credit score 680 currently
CDC Second Mortgage up to 40% loan-to-value with 20 year fixed terms
For rates and pre-payment periods contact us at 866-545-2953
Typical example of owner user property types include: Hotels/Motels,
Bed/Breakfast, Office Warehouse, Office Condos, Manufacturing, Child Day
Care, Gas Stations, Beer/Wine, Liquor Stores, Franchised Restaurants,
Assisted Living. Professional practice such as Dentist, Doctor,
Veterinarian, CPA, and Legal.
This is a non-fixed rate program providing capital for both land and building, renovations and new construction, working capital,
machinery, equipment, furniture, fixtures, leasehold improvements and
debt refinancing. Purchase an existing business-Franchises. Funds are
also provided to business who occupy leased space.
Loan size from $250,000 up to $5 Million
Maximum loan-to-value 90%
Term 7 to 25 years
Personal guaranties of principals are required holding 20% or more.
Partner buyouts allowed
Fees can be rolled into the loan amount dependent on guaranteed portion of the loan
Property types include those listed under section 504 above as typical
Credit Score 680 currently
Collateral: Business assets,
personal assets as necessary if the collateral involved is not
sufficient and/or if deemed necessary, a borrower's personal residence
may be offered or required.
USDA Business and Industry
purpose of the B&I program is to improve, develop, business,
industry, and improve the economic area of rural communities.
Loan size to $8 million
Rates; Currently offering fixed or variable programs
Borrower types can include legal entity groups or organizations including for profit and nonprofit.
Collateral: Business assets and personal guarantees of principals
is a valuable resource for short-term capital secured by real
estate. Loans are fast, flexible, and catered towards the specific
requirements of each client and property type. Our focus is providing
innovative and flexible funds in just a matter of days arranging capital
quickly and with little documentation.
Products Benefits Are:
Interest only payments
Loan Terms 6 months to 3 years
Loan to value ratios Up to 75%
Quick closings from 5 to 14 days
Foreign Nationals are eligible
May or may not require an appraisal
Collateral to include all types of Commercial real estate and Residential held as investment only.
Under performing property in need of capital improvements
Interest rates are not bank rates however these products are often used to fill a short term need or
Often Overlooked Is Our Creative Ability To Structure Capital Through A Variety Of Uncommon Methods:
Securities-Based Assets is one Example:
Funding Platform allows clients to use assets of stocks, bonds, mutual
funds, MTN's as an example as collateral to obtain funds for any purpose.
The funding program allows clients to pledge their securities portfolio
to obtain either direct funding or a line of credit for personal or
business use. Clients maintain their portfolio in their own name, and
there is no liquidation of the assets and the client may still trade or
sell their securities. There are No Credit or Income Requirements. Only the collateral for the loan is the pledged asset.
Rates below 4.20% - Fixed
Credit and income are not a consideration
No closing costs
Loan-to-values are up to 80% (90% T-notes or MTN's)
Funds used for any purpose
Capital from this source can be used to satisfy guideline, structure
requirements, when qualifying tor other funding arrangements or stand
alone resource for any capital needs