Hotel Programs
eCommercialBroker.com
Global Commercial Financing Solutions

                                    Hotel Lender1 Matrix Solutions  

Our friendly staff will work one on one with you to get a customizable funding solution that you require with competitive rates and terms.

  Client A Client B Client C
Program Total $100M (4-5 transactions) $25-30M $75-$125M (4 – 6 transactions)
Loan Type 1st mortgages 1st Mortgages or Sub Debt 1st Mortgages or Sub Debt
Loan Size $15M-30M $5M-$30M $5M-25M
Coupon Rate 6.75-7.00% (approx. 155 -170 bps over matrix) 8.50% 9% pay rate with accrual to 11%
Leverage Guidelines 50% LTV 65% LTV or less (79% mezz) Up to 70-75% LTV (80% mezz)
Loan Term 3-7 years 3-7 years 5 years or less preferred
Amortization 25 year amortization 25 -30 year amortization IO available but  amortization preferred
DSC 2.0x 1.0x on a 15% constant 1.20x on trailing 12 on coupon pay rate
Recourse Generally Non-recourse Non-recourse Generally Non-recourse
Pre-Pay Yield Maintenance YM or Declining % Yield Maintenance
Loan Fees 0.50% minimum 0.50% minimum 1%-2%
Brands Major flags  (Hilton, Starwood, Intercontinental, Marriott, Hyatt, Kimpton) Major flags (Hilton, Starwood, Intercontinental, Marriott, Hyatt, Kimpton) Major flags preferred (Hilton, Starwood, Intercontinental, Marriott, Hyatt, Kimpton) but will consider others
Property Type

“A” quality branded full service, limited service and extended stay hotels less than 20 years old

Balanced business sources, no resorts or leisure hotels

 

Same

Branded full service, limited service and extended stay hotels less than 20 years old (will consider B assets)
Management Seek experienced national and regional mgmt companies

Same

Same

Borrower Experienced in the lodging industry and possesses a track record with the product type & has significant financial strength

Same

Same

Geography Major MSA’s – urban infill locations with constraints to future supply

Same

Top 50 MSA’s but non-institutional locations and/or submarkets may be considered

 Apply Here

eCommercialBroker.com
  All Rights Reserved
Home | Financial Services | Loan Programs | Brokers | Apply | Contact | Privacy | Commercial Underwriting