Commercial real estate
                    loans
Commercial Real Estate Loans - Acquisition - Refinance - Bridge - Hard Money
 
Low Rate investment fund commercial real estate loans
 
commercial real estate  Hard money Loans
 
commercial real estate Bridge Loans
 
commercial real estate Refinance

Hotel - Motel Acquisition, Refinance, PIP and Bridge Loans


 
 
HOTEL LOAN INFORMATION LIST

Submit documents to submit@michaellewisgroup.com or send us a drop box link via email for all completed documents.
Forms download is at bottom of page.

If any of the following information is already submitted on the intake/submission form, please disregard.
Please name submitted files for what they are. (EG: It is difficult for us to know file dscn0008.doc is a PFS or SREO, etc.)
Simple answers that are not on the submission form may be answered on one txt file, PDF or Word Doc

Property:
Sources and Uses of funding
Address of property
3 years average occupancy rate
An outline of the legal structure for the sponsor
Are you working with any other mortgage brokers and / or lenders Yes or No
Four (4) years tax returns
Four (4) years of internal YE statements
STR report for each YE above
Current and corresponding YTD interim financial statement
A TTM for the most current YTD statement
Five years projections with assumptions
History of property, including the number and types of rooms, number of floors, total SF, age of property, amenities, etc
Detailed list of PIP / renovations previously performed, when, and costs
Detailed list of PIP / renovations currently needed and associated detailed cost breakdown
Name and experience of entity to perform PIP / renovations
Will the PIP / renovations include energy efficiency improvements
Who will manage the property and their experience
If a management entity is used how many hotel properties and rooms do they manage
Why is the property being sold
How much is your Escrow deposit and when does it go hard
Current QAR report
Current STR report
FDD agreement and terms if flagging a currently unfledged property
Copy of Insurance Binder
Copy of purchase Agreement
Copy of previous appraisal
Copy of previous environmental assessment
Copy of previous survey
Pictures of property
Debt schedule of existing debt
Will the seller consider a seller note for some portion of the price (if applicable)


Sponsors:
List of owners / guarantors and their respective ownership percent
Bio and history of owning and running multifamily properties
PFS for all owners / guarantors - our supplied PFS form is an SBA form but does not necessarily imply an SBA loan
Current trimerge credit report for all owners / guarantors
Four (4) years tax returns for all owners / guarantors
List of other entities owned - See Below
List of hotels properties currently or previously owned
Source of cash injection
 
Other entities owned by sponsors:
Four (4) years tax returns for all other businesses / properties owned
Current and prior YTD interim financial statements for each property
Current YTD TTM for each property
STR and QAR for other properties owned as of YTD f/s above
Debt schedule of for each property
List of properties with SBA support and corresponding dollar levels of support

Submit documents to submit@michaellewisgroup.com or send us a drop box link via email for all completed documents.

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Here is a brief rundown on additional loan programs for hotels.
Non-Recourse Permanent Financing
CMBS and conventional loans starting at $3 MM.

Current Rates
5.38% I 10 YEAR FIXED

Term
5-10 year term
25-30 year amortization

Loan Parameters
LTV from 65% to 75%
DSCR > 1.45x
 
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Non-Recourse Bridge Loan - Great for non stabilized properties or rehab.

Current Rates
Starting at 6%

Term
3 Years

Prepayment Waived. (If we do the permanent financing.)

Loan Parameters
Up to 75%
DSCR starting at 0.95x
Non recourse
Pre-approval for permanent financing including CMBS

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SBA 504 Loan For Acquisition
Full recourse loans from $1-15 MM.

Current Rates
Starting at 5.50%

Term
10 Years

Loan Parameters
Up to 90% LTV owner-occupied transactions.
Personal credit score of 675 or better.
DSCR > 1.20x

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Hard Money Loan

Current Rates
As low as 10%
(With 2-4% origination fees)

Term
1 – 2 Years

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PIP loans - property improvement programs up to 100% if qualified
Many PIP programs available.

Inquire: piploans@michaellewisgroup.com

Hospitality Loan Forms Download:

Hospitality Loan Proposal Intake
Operating Statement Income Expenses Report
Borrower credit signature authorization
Personal Financial Statement
SREO


 

 
 
 
  © Michael Lewis Group Commercial Real Estate Loans
  
CONSULTANT REPRESENTS THAT IT IS NOT A LICENSED SECURITIES DEALER, AND THAT ANY AGREEMENT MADE BETWEEN PARTIES IS NOT INTENDED FOR THE PURPOSE OF BUYING, SELLING OR TRADING SECURITIES.