Results 1 to 8 of 8
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09-14-2023, 01:37 PM #1
- Join Date
- Jan 2022
- Posts
- 42
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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09-14-2023, 02:48 PM #2
- Join Date
- Jun 2021
- Location
- miami
- Posts
- 436
I can work with non-flagged hotels and ticket sizes into the several hundred million range with ease feel free to reach out if you have larger transactions.
Midwestern Financial Solutions
CEO
Office - (954) 694-6402
email- Info@midwesternfinancialsolutions.com
MidwesternFinancialSolutions.com
Where your box ends ours begins.
https://www.linkedin.com/company/mid...ial-solutions/
linkedin.com/in/brandon-cooper-426615267
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09-14-2023, 03:00 PM #3
Don't mean to hijack a thread...but flagged, over $5M reach out....have one $6.4M at 5.9% fixed for 10 years, amortized 20 (should close in a few weekd) and working on getting $10M hotel LOI now....just have to work on some seasoning issues.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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09-14-2023, 04:45 PM #4
- Join Date
- Jun 2021
- Location
- miami
- Posts
- 436
Midwestern Financial Solutions
CEO
Office - (954) 694-6402
email- Info@midwesternfinancialsolutions.com
MidwesternFinancialSolutions.com
Where your box ends ours begins.
https://www.linkedin.com/company/mid...ial-solutions/
linkedin.com/in/brandon-cooper-426615267
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09-14-2023, 05:13 PM #5
Last edited by Olderguy; 09-14-2023 at 05:23 PM.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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10-04-2023, 12:12 PM #6
- Join Date
- Jan 2022
- Posts
- 42
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10-04-2023, 12:51 PM #7Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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10-10-2023, 11:58 AM #8
- Join Date
- Mar 2021
- Posts
- 48
4.99% 20 year fixed, $20M min loan amount, client needs 20% fresh capital into the deal, bond fund takes 50% ownership of the asset with buyout clause, no office space accepted
Andrew Goldthorpe
Desk 707.521.0911
NewPoint Mortgage Wholesale
Andrew.Goldthorpe@NewPointMortgage.com
NewPointMortgage.com
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