What Does Our Hotel Loan Look Like?
$1 million to $40 million, larger in come cases
Primary, Secondary & Tertiary
Hotels – Full Service, Limited Service and Extended Stay
First Lien Mortgage
5 – 10 years
25 – 30 years
Maximum loan to value
Up to 80% (Typically 60-70%)
TBD on Current Market conditions – Call for Quote
Non-Recourse, except industry standard carve-outs.
Permitted after a typical lock out period, subject to defeasance. Yield Maintenance available at premium pricing
Permitted, subject to Lender’s Approval and 1% assumption fee.
SPE acceptable to Lender, with sufficient experience, liquidity and net worth.
Real Estate Taxes, Insurance, Replacement Reserves, TI/LC (if applicable), and others as reasonably determined by the Lender.