1860 Howe Ave. Suite 100, Sacramento, CA 95825
1860 Howe Ave. Suite 100, Sacramento, CA 95825
Hospitality and Hotel Loans
At Carlile Capital, we specialize in structuring financing for both interior and exterior hotel/motel properties, whether they are flagged (part of a recognized hotel chain) or non-flagged. Our team of commercial loan specialists is prepared to engage in detailed discussions about your specific financing requirements and offer you the most suitable options.
Hotel financing options at Carlile Capital are diverse and encompass a range of traditional and non-traditional funding sources. These include conventional and SBA loans, asset-based loans, as well as other innovative financial solutions. We are dedicated to finding the most appropriate financing strategy for your unique hotel or motel venture.
Hotel Refinancing
7a program – the 7a program can be used for a hotel refinance. The maximum loan limit is $5,000,000.
504 Program – the “permanent” 504 Refinance and Expansion program is available. This program allows hoteliers to refinance an existing property if they are expanding it or building or buying another property if the total project cost of the expansion is twice what they currently owe..
USDA – The USDA also offers a program for properties just outside metro areas, semi-rural areas and rural areas, but it can sometimes be difficult to qualify for a refinance as they require 10% net tangible equity. If you are in an eligible area then it is worth looking to see if you could qualify as it is an attractive program for lenders and offers a 30 year amoritization. Please contact us for details.
Bridge Financing – Hotel Bridge Financing is available for various purposes including conversions, renovations, PIPs,etc.
SBA Hotel Financing & Refinancing
SBA 504 or 7a financing can be used to purchase, remodel or refinance a hotel or motel and recent changes to SBA eligibility guidelines have made it possible to finance multiple properties as well as larger properties.
504 Hotel Financing Highlights
- Much larger loans now possible with recent changes to program
- Very low rates and long term financing
- Minimum 15% down payment or equity injection
- Increased SBA Eligibility if you Go Green
- Readily available for Acquisition
Loan programs
- Loan amount: $500,000. – $50,000,000
- Loan to Value: 85% ( SBA ), 70% ( Conventional )
- Amortization: up to 30 years
- DSR: 1.35
- Full Documentation
DRE: 01907175 | MLS:785733
1860 Howe Ave. Suite 100, Sacramento, CA 95825
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