480 970 0990
First Charter Financial HOME COMMERCIAL HOTELS MULTIFAMILY FCF BLOG ABOUT US

Financing for:
Hotel Properties
Acquisition & Refinance
(480) 970-0990

HOTEL FINANCING

Hotel financing is a specialty for us. We understand hotels both large and small. We have done financing for flagged and un-flagged properties in various locations around the country.

Hotels are different from other commercial real estate because there are no leases and tenants. A hotel is a lodging business inside a special purpose property. Because of this the underwriting parameters are different.

Most of our prime hotel properties are financed with CMBS lenders. Typically they are fixed rate for a 10 year term, with 25 or 30 year amortization and are non-recourse. Interest rates are fractionally higher than other prime commercial properties and are quoted initially as a spread above the 10 year swap rate.

We also have bridge loans available for subprime properties and properties that are being renovated. Also construction loans available for hotel properties in most metropolitan areas.

If you are purchasing a hotel there will probable be a change of ownership PIP involved. We have developed a loan structure that can incorporate a portion of the cost of the PIP.

Call us with your hotel financing needs. Or you can just call us for our insights and any question that you may have. Phone us 480 970 0990 or "GET A LOAN STARTED" to your right.

GET INFORMATION

MINIMUM LOAN SIZE IS $1 MILLION

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8204 East Del Caverna Drive, Scottsdale, AZ. 85258
info@fcfcorporation.com
AZ CMB-0922527
NMLS ID 181100
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