We structure, arrange and service first mortgages for hotels. Included are Full Service Hotels, Limited Service and Resort Properties. Terms vary from 5 to 15 years based off U.S. Treasuries and LIBOR with various amortization options available. Our lending programs begin at $2M and are sized based on recent operating cash flow.
Hotel Lending Program:
Eligible Locations: MSAs within the U.S. and its territories exhibiting stable or improving economic fundamentals.
Property Types: All major brands and select independent properties.
Loan Amount: Minimum $2M
Loan Term: 5 – 15 year terms
Amortization: 15 – 30 year terms
Interest Rates: Fixed and Floating (Competitive rates based on risk profile and loan size).
Adjusted Operating Income: Operating Cash Flow less standard Management Fees and required CapEx reserves.
Loan to Value: Typically up to 75% of Appraised Value.
Mezzanine and Bridge Structures: May be available for qualified properties.
Reserves: Standard Tax, Insurance and Capital Reserves required during loan term.
Sponsor/Borrower: Creditworthy individual(s) or entity acceptable to lender with sufficient liquidity and net worth
Borrowing Entity: Single asset or special purpose entity required depending on loan size.
SBA Program: LFG offers SBA structured loans for qualified transactions.
For more information about our Hotel Lending Program please contact:
Managing Director – Real Estate and Business Lending
Download Greg’s vcard
Chief Operating Officer
Download Jerry’s vcard