SBA 504 or 7a financing can be used to purchase, remodel or refinance a hotel or motel and recent changes to SBA eligibility guidelines have made it possible to finance multiple properties as well as larger properties.
If you would like more information about SBA Hotel Loans, you can contact Winston Rowe & Associates at 248-246-2243 or visit them on line at http://www.winstonrowe.com
Hotel & Motel Financing Criteria & Solutions:
No upfront or advance fees
Loan amounts range from $400,000. to $5,000,000.
Maximum loan to value 80%
Seller second mortgages up to 10%
Loans are available for experienced hoteliers to purchase well maintained properties with good cash flow
Refinances are available under both the 504 and the 7a programs
The 504 can accommodate larger loans, but the refinance provision is set to expire Sept 27th 2012.
Independent hotels and motels are financeable
Flagged properties are easier to finance in the current environment
Hotels Are Now Eligible For Refinancing
Refinancing is available through both the 7a and the 504 program.
Winston Rowe & Associates has an excellent knowledge based hotel and motel investor resource for commercial real estate valuation and market analysis located at:
Winston Rowe & Associates
31408 Harper Ave
Saint Clair Shores MI 48082
Winston Rowe & Associates has no upfront free hotel and motel loans in the following states.
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington DC, West Virginia, Wisconsin, Wyoming