Hospitality Financing for good or bad credit.

Flag and non-flag properties will be considered
Purchase, Refinance or Construction. We are here to help you achieve your goal, not only today but for all of your future needs.
 
Loading
Hospitality Financing

Graco Mortgage has years of experience working with hospitality property types nationwide. We understand the specific needs of the hotel industry and we are here to deliver a tailor made finance package to you including, FF&E financing, phone systems and your credit card processing needs.

Our customers include:

  • Institutional investors

  • Public Hotel Companies

  • Private Equity Funds

  • Well-capitalized private hotel developers, operators, and
  •  investors dedicated to lodging

Types of financing includes:

  • Construction, bridge and mini-perm financing

  • Lines of Credit

  • Flexible on-balance-sheet structured financing for the acquisition or substantial rehabilitation of hotel properties

  • Recourse and non-recourse financing for single asset,portfolios,
  •  and raj estate operating companies

  • Floating rate facilities for up to ten years


Loan Parameters

Transaction Size:                 $2 Million to $900 Million

Terms:


Construction:                   
          LTC:                         100%

          Recourse:                 Non-recourse

          Term:                        Up to 10 years
                                            1st 24 months no payments are due.
                                            Starting the 25th month, monthly payments will be made until the end of the term

           Rate:                         Starting at 4.00%

           Appraisal:                  Not needed

           Closing:                     30 - 60 days


Conventional:

          LTV:                            75-90%

          Recourse:                   Recourse and Non-recourse

          Term:                          5,7, 10 years

           Amortization:              25 - 30 years

           Rate:                          4.00% - 4.50%

           Appraisal:                   Yes

           3rd Party Reports:     Yes

           Closing:                       60-75 days

           Debt Service:              1:25







This is not an offer, term sheet or commitment. Rates and terms can change without notice. All transactions are subject to underwriting and written approval.