Puerto Rico hotel loans
Puerto Rico hotel loans - PIP - Rehab - Bridge -
Purchase - Refinance
Contact: piploans@michaellewisgroup.com.
For a Puerto Rico hotel loan
Commercial Real Estate Hard Money Loan
call 440-637-5646
or EMAIL:
puertoricorealestateloans@michaellewisgroup.com
Puerto Rico hotel loan
Current Puerto Rico hotel loan typical rate and terms as of June 2023:
1-4 unit Puerto Rico hotel loan
Minimum loan amount $300,000USD - less on a case by case basis.
14% interest rate Interest Only w balloon
50% LTV
12 - 24 months
4 points lender origination plus 1 - 2 points broker
6 month guaranteed interest (6 mo ppp)
No up front fees other than legal / bpo / bov** . Typically $3k-$5kUSD
In person site visit.
Closing time for a Puerto Rico hotel loan usually 1-2 weeks.