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Hotel Lending
| Property Types: |
******Program Has Been Suspended****** |
| Loan Amounts: |
|
| Terms: |
5,7,10,15 or 20 years |
| Amortization: |
15-30 Years |
| Minimum DSCR: |
1.35X |
| Maximum LTV: |
85% (Loans < $5MM) 70% (Loans >$5MM) |
| Recourse: |
Full Recourse |
| Rate Benchmark: |
FHLB Rate / Swap Rate |
| Margin: |
400 - 600 basis points |
| Geographic Location: |
Nationwide |
| Closing: |
Borrowing Entity - Single Purpose Entity required
Prepayment - Flexible
Assumption- Allowed
Escrows- Required for taxes and insurance |
| Third Party Reports: |
PCA- Property Condition Report
Phase I - Environmental Survey
MAI Appraisal |
| Application Fee: |
None |
| Funding: |
45 days from complete due diligence package | |
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| Back to Lending Programs
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