To determine which product or service best meets your needs select one of the following.
Hotel / Motel Refinance - Convert
your "trapped" equity into cash. Use the cash from your
Hotel / Motel Loan for expansion or other investment.
Hotel / Motel Acquisition Financing
- Enter the Hotel / Motel business with one of our
competitive rates and flexible Hotel / Motel Acquisition
Loans .
Common Borrower Mistakes
- What are the most common and costly mistakes made by borrowers
in both Hotel / Motel Acquisition Loans and Hotel / Motel Refinance Loans.
Hotel / Motel Refinancing
There are a number of reasons a Hotel / Motel owner may want to consider refinancing his Hotel / Motel Loan, such as pulling out cash or obtaining funds for an expansion.
For Hotel/Motel loans $1,000,000 plus, we offer a number of loan features that we can tailor to fit your refinancing needs.
Below are some of the many loan features that you can select
from:
- Loan to Value up to 75%
- Low Debt Service Coverage of 1.40 to 1
- Fixed interest rates for up to 15 years
- Amortization periods of up to 30 years
- Interest only for up to 24 months
- Interest Rate Locks for up to 60 days
- Low fixed third party closing cost
- Non-recourse / Recourse
- Loan closings of 60 days or less
- 3 yr and 5 yr step down prepayment available
- 3 yr Interest only loan available ($2 million
+)
BACK TO TOP
Hotel / Motel Acquisition Financing
Just a few of the reasons you should consider using S & W to obtain your Hotel / Motel Acquisition Loan are as follows:
1. Outstanding Loan Terms
Hotel / Motel Acquisition Loan Terms - our terms for Hotel / Motel Acquisition Loans of $1,000,000 or higher are the best in the industry. They feature such terms as:
- Loan to Purchase up to 75%
- Low Debt Service Coverage of 1.40 to 1
- Fixed interest rates for up to 15 years
- Amortization periods of up to 30 years
- Interest only for up to 24 months
- Interest Rate Locks for up to 60 days
- Low fixed third party closing cost
- Non-recourse / Recourse
- Loan closings of 60 days or less
- 3 yr and 5 yr step down prepayment available
- 3 yr Interest only loan available ($2 million+)
2. We Handle Everything
We manage the Hotel / Motel Acquisition Loan closing process each step of the way . S & W’s many years experience working with the sellers, the real estate broker, the buyer’s attorney, etc in obtaining and closing Acquisition Loans has proved to be very beneficial to Hotel / Motel buyers.
3. Experienced Professionals
Bill Walton would be glad to assist you in evaluating your prospective Hotel / Motel Acquisition, reviewing the purchase contract, and if appropriate helping you obtain a Hotel / Motel Acquisition Loan.
Note: The above services and products apply to Hotel / Motel Acquisitions of properties that have at least 75% physical occupancy level and have a purchase price of $1,350,000 or higher.
BACK TO TOP
Common Borrower Mistakes
The Hotel / Motel Refinancing process does not have to be complicated or stressful. One way to ensure a smooth process is to learn from others mistakes. Below are some common mistakes to consider before you start the Hotel / Motel Loan process.
Hotel / Motel Acquisition/Refinance Loans
- Not exploring all available Hotel / Motel Loan products
- Using an inexperienced lawyer
- Failing to negotiate deal points in the Hotel / Motel Loan offer letter
- Failing to "adjust" actual results when appropriate to maximize your Hotel / Motel Loan amount.
- Failing to use an experienced Hotel / Motel Loan Broker
- A buyer failing to negotiate that the seller deliver key items needed to obtain a Hotel / Motel Acquisition Loan
- Not calculating your "breakeven occupancy" before you invest
- Being too aggressive with Financial Projections
1515 Mockingbird Ln. Suite 500
Charlotte, NC 28209
Phone: 888-525-9081
Fax: 704-525-9084
Bill Walton: bwalton@sandwgroup.com
Matt Lexow Gray: mlexowgray@sandwgroup.com
Call or email Bill Walton to discuss how you can avoid making
common borrower mistakes. 888-525-9081 or bwalton@sandwgroup.com
BACK TO TOP
