Commercial Loan Commercial Mortgage Refinance & AcquisitionMotel Loan______________________________________ |
| Geographic Preference: | United States |
| Commercial Property Types: | Motel Loan - Limited Service Hotel |
| Commercial Mortgage Amount: | $3 million minimum - $10 million maximum |
| Commercial Mortgage Term: | 5-15 years |
| | |
| Commercial Mortgage Rates: | Fixed, as low as 10 year treasury plus 240 |
| Commercial Lending Features: | Assumption with approval
Non-recourse
No rent restrictions
No limitation on owner's return |
| Commercial Mortgage Requirements: | Appraisal to support the project occupancy and rents; Tax, Insurance, and Replacement Reserve Escrows |
| Commercial Loan Fees: | Borrower pays all application, inspection, underwriting, and third party costs |
CRCapital uses four categories within each property class to assign finite rates terms and conditions. The first category is not applicable to Motel loans. The second category (medium) provides slightly higher leverage than the third category (standard). The fourth category (Lowest Rates) has the lowest leverage and has the highest debt service ratios. Each category has its own link, just click to go to the category page.
high leverage category.
