Hospitality and Hotel Loans
At Vantage Point Capital, we specialize in structuring
financing for Interior or Exterior, Flagged or Non- Flagged
Hotel / Motel Loans. Our commercial loan specialists are
ready to discuss your financing needs with you and
present you with the best available options. Financing for
hotels has traditionally been fairly broad and can include
conventional and SBA loans, asset based loans, and other
non-traditional funding options.
SBA Hotel Financing & Refinancing
SBA 504 or 7a financing can be used to purchase,
remodel or refinance a hotel or motel and recent changes
to SBA eligibility guidelines have made it possible to
finance multiple properties as well as larger properties.
Hotel Refinancing
7a program - the 7a program can be used for a hotel
refinance. The maximum loan limit is $5,000,000.
504 Program - the "permanent" 504 Refinance and Expansion program is available. This program allows hoteliers to refinance an existing property if they are expanding it or building or buying another property if the total project cost of the expansion is twice what they currently owe..
USDA - The USDA also offers a program for properties just outside metro areas, semi-rural areas and rural areas, but it can sometimes be difficult to qualify for a refinance as they require 10% net tangible equity. If you are in an eligible area then it is worth looking to see if you could qualify as it is an attractive program for lenders and offers a 30 year amoritization. Please contact us for details.
Bridge Financing - Hotel Bridge Financing is available for various purposes including conversions, renovations, PIPs,etc.
504 Hotel Financing Highlights
• Much larger loans now possible with recent changes to program
• Very low rates and long term financing
• Minimum 15% down payment or equity injection
• Increased SBA Eligibility if you Go Green
• Readily available for Acquisition
Loan programs
• Loan amount: $500,000. - $50,000,000.
• Loan to Value: 85% ( SBA ), 70% ( Conventional )
• Amortization: up to 30 years
• DSR: 1.35
• Full Documentation
