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Hotel Financing – Funding for Hotels – Construction Finance for Hotels
Excellent pricing for Hotel finance. Despite global economic woes and tightening or freezing of most private equity capital markets, financing for the hospitality industry remains viable.
By: Marcus Savage
As a specialist in hospitality finance, Marcus Savage of Private Capital Resource keeps extremely busy with his hotel projects. “We are funding projects of all sizes. Purchase or refinances in the $5 million to $20 million range and development projects from $10 million and higher. We have private capital for the high end projects as well.”
Different amounts of principal contribution are required for different sized projects. “The key component to hospitality financing is the capital contribution of the principal(s)
Experience of the principal(s)
Choosing the right lender is crucial for efficiency and speed of the transaction. “We spent years developing relationships with lenders that specialize in different types of financing.” Rates vary greatly among lenders depending on their ability to fund and service the loan. Only a few lenders are approved by SBA or other traditional wholesale channels to fund and service hotel financing with the intention of selling the loan at a future date. We know which lenders will provide the best financing and service for your project.”
For more information, please contact:
Private Capital Resource