Hospitality Construction loans from $4mm - average LTV for construction 65% - rates from 4.75% with 24 month term with extensions available - Example: (4.75%) Percent per annum, Interest Only during construction then converting to a fixed rate of 4.75% per annum after construction with a 25-year amortization and a 10- year balloon. Loans over $150mm on a case by case basis. Up to 24 months interest reserve and origination fees may be possibly rolled into the financing. Contact info@michaellewisgroup.com Outside of the USA rates will most likely be higher. Submit the following to initiate the resort construction loan process: Property type (flagged or unflagged resort, resort-casino, other) Property location city/state Funding amount required Down payment amount Feasibility study 5 year ProForma projections Full contact information of borrower or principal representative 1 page executive summary and background of borrowing entity Additional information will be requested throughout the loan process Funding for resort construction outside the USA considered on a case by case basis No maximum loan amount |
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. |