Recent hotel / hospitality refi closings
Recent hotel / hospitality refinance loan closings, rates, terms etc.
All were private money loans.
Some recourse, some non.
The LTV’s were from 58% to 75%
1 year I/O, 18 months I/O, 24 months I/O, 18 months I/O, 3 months I/O
10.5%, 11.42%, 12%, 11.5%, 30% on the 3 month loan
Lender Points: 4, 6, 4, 4, 5
Broker points: 2 across the board
Lender fees total for the loans: $5k, $0, $5k, $5k, $1495
Time to close: 2 wk, 4 wk, 2 wk, 2 wk, 5 days
Prepay penalty: none across the board
info@michaellewisgroup.com 440-637-5646 http://michaellewisgroup.com
We co-broker on an even 50 / 50 split at close
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