Commercial Real Estate Financing Acquisition & Refinance Hotel Loans______________________________________ Full Service Hotel Loans- Extended Stay Hotel Loans |
| Geographic Preference: | United States |
| Commercial Property Types: | Hotel Loans - Full Service and Extended Stay |
| Commercial Loan Amount: | $3 million minimum - $50 million maximum |
| Commercial Loan Term: | 5-15 years |
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| Commercial Mortgage Rates: | Fixed, as low as 10 year treasury plus 205 |
| Commercial Lending Features: | Assumption with approval
Non-recourse
No rent restrictions
No limitation on owner's return |
| Commercial Loan 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 provides the highest leverage and lowest debt service ratios for "Class A" properties. 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.
