Hospitality Financing
 
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Hospitality Property 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 any FF&E 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.