HOSPITALITY FINANCING UP TO $100MM
BRIDGE
Acquisitions, Recapitalization, Construction Takeout, PIP/Renovation, Conversion, Gap Financing
$10M – $100M
Up to 75% LTV
Up to 75% LTC
Term: 2 to 5 years
Interest Rate: Fixed/floating 7 – 9% (2 to 3 pts)
Amortization: Interest only
Recourse and non-recourse
PERMANENT
Acquisitions and Refinances (other scenarios considered)
$10MM – $100MM
Up to 75% LTV
Up to 80% LTC
Term: 5, 7, or 10 years
Interest Rate: Fixed 4.5% to 6.5 (1 to 2 pts)
Amortization: 20 to 30 years Amortization
Non-recourse with exception of carve outs
CONSTRUCTION
$10MM – $100MM
Up to 80% LTV
Up to 80% LTC
Term: 3 to 5 years
Interest Rate: Fixed or floating 7.0% to 10% (2 to 3 pts)
Amortization: Interest only available
Recourse and nonrecourse. Completion Guarantees required
MEZZANINE
Acquisitions, Recapitalization, Construction Takeout, PIP/Renovation, Conversions, Gap Financing
$5MM – $20MM
Up to 75% LTV
Up to 75% LTC
Term: Matched to senior loan
Interest Rate: Starting at 14% (3 to 4 pts)
Amortization: Interest only or matched to senior
Recourse and non-recourse
PREFERRED EQUITY
Acquisition, Recapitalization, PIP/Renovation, Rescue Capital, CMBS, Loan Assumption, Partner Buyout
$5MM – 20MM
Up to 95% LTV
Up to 95% LTC
Interest Rate: Starting at 13% (4 to 5 pts)
Term: N/A
Amortization: N/A
PACE
Available
Milford Real Estate Qualification Form - CLICK HERE
(No credit inquiries or sensitive information required to receive a proposal)
JUST CALL OR EMAIL TO GET PRE-APPROVED!
Telephone number is (541) 632-0670
Please visit our websites: www.commercialmortgagecap.com and www.usfinance.biz
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