|
Hotel Financing capabilities.
RECC provides construction,
short-term and permanent loans on
flagged hotel properties.
Generally, we lend on properties
that carry a national flag and
are located in larger MSA's. For
existing hotel properties, we
generally require a stabilized
operating history, ADR and
Occupancy that meet or exceed the
comp set, and a strong
manager/sponsor.
We are
hotel specialists -
with decades of experience in
hotel lending, portfolio
dispositions, and hospitality
valuation, we quickly and
accurately assess the merits of
each loan request and can provide
a Conditional Approval often
within the same day.
Program Advantages
|
|
 Purchase,
refinance, renovation and
construction
Leverage
up to 90% LTV (80% CLTV for
construction)
Loan
amounts from $500,000 to $4
million
In-house
underwriting
Self
amortizing Fixed
rate and Adjustable Rate loans
with fixed rate terms up to 25 years
Graduated
stepdown prepayment structure
National Flagged Hotel Program
Guide
|