Hotel Lending
We structure, arrange and service first mortgages for hotels. Included are Full Service Hotels, Limited Service and Resort Properties. Terms vary from 5 to 15 years based off U.S. Treasuries and LIBOR with various amortization options available. Our lending programs begin at $2M and are sized based on recent operating cash flow.
Hotel Lending Program
Eligible Locations: MSAs within the U.S. and its territories exhibiting stable or improving economic fundamentals.
Property Types: All major brands and select independent properties.
Loan Amount: Minimum $2M.
Loan Term: 5 – 15 year terms.
Amortization: 15 – 30 year terms.
Interest Rates: Fixed and Floating (Competitive rates based on risk profile and loan size).
Adjusted Operating Income: Operating Cash Flow less standard Management Fees and required CapEx reserves.
Loan to Value: Typically up to 75% of Appraised Value.
Mezzanine and Bridge Structures: May be available for qualified properties.
Reserves: Standard Tax, Insurance and Capital Reserves required during loan term.
Sponsor/Borrower: Creditworthy individual(s) or entity acceptable to lender with sufficient liquidity and net worth.
Borrowing Entity: Single asset or special purpose entity required depending on loan size.
SBA Program: LIPG offers SBA structured loans for qualified transactions.
For more infromation, please contact
Contact
17539 Darby Lane | Tampa, FL | 33558
(813) 269-1144
