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09-14-2023, 01:37 PM #1
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- Join Date
- Jan 2022
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Hotel Financing
Hotel Financing can be very difficult under the current economic conditions.
Enterprise Bank, a top ten national SBA lender, is back taking hotel applications with the below parameters.
We are a direct, bank SBA lender. Unlike non-bank SBA lenders, we have much more flexibility with pricing and being able to close quickly. Our pricing for these hotel loans will range between WSJ + 1.0 to 1.75%. Compare to non-bank lenders that many times charge WSJ + 2.75%.
The loan amount must be ≤ $5MM, no exceptions
DCR must be 1.25 or higher for the last fiscal year-end and interim period
7(a) only, (No 504 loans)
Flagged properties only
No ground-up or projection based dealsDan WallaceSVPEnterprise BankNational, direct SBA lenderFast and creative financing solutions970-390-6650dwallace@enterprisebank.com
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