Even though hotel occupancy fell to a bleak 24.5% during the pandemic, the industry has continued to make a strong comeback — with the luxury hotel sector bouncing back to surpass pre-pandemic levels by more than 16%1. However, financing for hotel acquisitions, remodels and ground-up construction has all but dried up. As Greg Friedman of The Peachtree Group, a real estate investment firm in Atlanta, explained to Hotel Investment Today:
“Despite many loan contracts already being in place, most banks have pulled back the reins tightly and abruptly, leaving incomplete projects in sudden limbo.”
While our clients are reporting difficulty and a near standstill of all hotel funding elsewhere, Commercial Capital Ltd., FL is aggressively funding hotel deals with SBA-guaranteed funds – including acquisitions, startups, remodels/updates and even ground-up construction – to fill the holes left by the banks.
So now you can fund your next hotel project up to $15 million with the lowest rates and longest amortizing terms available anywhere in the market today. Just take a look at what we can offer…
Highlights of Our *SBA 504 Hotel Financing Programs:
- Between $3MM up to approximately $15MM
- Low blended-rate options
- 25-Year Fully-amortizing
- No Balloon Payments
And Qualifying is a Breeze – Just Provide Us With Proof of:
- Strong Background of Hotel Development/Management Experience
- Strong Personal/Business Credit
- Proof of Equity Injection Requirement (20% or less)
*While flagged hotels are preferred, independent hotel brands will still be considered. Please note that we are only considering Urban Areas at this time.
If you’re and experienced hotelier, investor or developer looking to fund your next hotel project with an SBA loan, give us a call today at (888) 959-1648 or email Dave directly at dave@comcapfl.com.
Ready to get the ball rolling? Get a head start by applying in minutes through our Loan Finder App – no document uploads or further commitment required.
Click Here to Begin the Loan Finder App
*The Pandemic And The Hospitality Industry: From Impact To Recovery, The Plasencia Group
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