PriBank                               
      Commercail Real Estate Group                                                              Pricing       Loan Quote          Contact Us                   

    

      Hospitality

     Flagged or

    Independent

Contact Us                      To learn more or to discuss how we can help you,                       call   1-866-811-9217  

 

No matter what class of hospitality facility, PriBank can provide financing from 4 star full service franchise hotels to independent economy lodging.

 

General Guidelines

Geographic Coverage:   Nationwide

Property Type:  Flag Motel, Resort & Lodges 

Loan Size:    Maximum SBA Financing: $8,500,000

                   Maximum Conventional Loan:  $10,000,000

                   Maximum Conduit Loan:   Open

                   Minimum Loan Size: $3,000,000

Loan Types:   Conventional, Conduit, Construction & SBA

Terms:  5-25 years on Fixed Rates

Purchase/ Refinance or Construction/ Permanent Financing:

Maximum 1st mortgage:  75%

Maximum 1st + 2nd (SBA): 80%

Loan Amortization:  25 years

Liability:  Non-recourse & recourse to borrower depending on loan program

Lender Costs:  $10,000 and up for 3rd party reports

Prepayment: Declining balance, Fixed term or yield maintenance

Closing Process:  Typically 45 to 60 days from receipt of a complete application

Assumability:  Yes

  

 

 

 

 

 

Property Types

Apartments

Healthcare

Industrial/Warehouse

Mixed Use

Mobile Home Parks

Office

Retail

Self Storage

Single Credit

 

Q & A

Broker Info

Home                 

 

Copyright  2004-2012 Pribank. All rights reserved