Upgrade and update hotel
decor, furniture, fixtures & equipment
(FF&E). Meet major hotel chain flagging requirements. To inquire about a hotel PIP loan simply submit the following information: Hotel name: Location City and State: Current number of keys: Average occupancy rate: Year of original construction: Year of last upgrade: Approximate dollar amount required: If flagging an unflagged hotel, flagging entity being considered: Is the flagging entity FDD on hand? Yes or No: Flagging entity franchise development manager contact information: Hotel owner contact information: Rates start at 4% for conventional financing. No upper limit of funding. Hedge fund PIP loan financing will be a higher interest rate (8-10%) but 100% funding is possible via the hedge fund assuming sufficient FF&E to support it as per flagging requirements. Short term interest only, auto converts to a term loan under 10 years. There is an option whereby once the PIP is complete and property is stabilized, the PIP loan is rolled into a CMBS loan at 25-30 years amortization at 5% interest rate. $10m max under this plan. We'll help you determine which plan best suits your needs. These plans are limited to USA and Canadian property PIP 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. |