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. -------------- --------------   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   --------- 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 -------- 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 -------- Hard Money Loan Current Rates As low as 10% (With 2-4% origination fees) Term 1 – 2 Years -------- 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   Contact Us

 
 
 
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