Hotel Financing
It appears some hotel lenders are coming out of the shadows. Some of the intial loan paramaters I am seeing are as follows:
85% LTV on purchases via SBA
65% LTV on conventional loans for purchases
60% LTV on conventional refis
60% LTV on conventional construction
80% LTV on SBA construction
5-20 year rate horizons, that reset every five years.
Given the times, these arent bad terms on hotels.
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