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Hotel/Motel Loans
Agri-One Financial have the experience you need for Hotel/ Motel funding for both Flagged and Non-flagged properties.
NON-RECOURSE – PURCHASE
- $6 MM and up loan amounts
- 5-10 year term
- 15-30 year amortization
- DSC 1.5
- 70% LTV
- Flagged
- Limited & Full Service, Extended Stay
- Experienced operators
Recourse
1. PURCHASE – $500 K MINIMUM LOAN
- Purchase existing operating property
- ?May include:
- Land / Building / Equipment / Good Will
- Operating Capital
- Existing business
- Up to 85% CLTV
- SBA loan
- $500 K to $15 MM
- Requires a Star Report
- SBA loan
- ?May include:
2. Refinance
- Rate and term
- Cash out
- Requires a Star Report
3. CONSTRUCTION – $3 MM MINIMUM
- Land purchase
- Construction cost
- Equipment
- Interest only
- One time close – construction to permanent loan
- Requires a Star Report and Feasibility Study
BRIDGE AND REHAB LOANS (FOR NON-STABILIZED PROPERTIES)
- Purchase
- Rehab
- Foreign Nationals
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