Hotel Financing Up To $300,000,000

Non-recourse hotel financing is available for very strong projects with extremely strong sponsors.

Program is available for acquisitions, refinancing or major conversion projects.

Non-Recourse Hotel Loan Program Guidelines*

Loan Amounts: $3,500,000 to $300,000,000

Term: 5, 7 and 10 years available

Amortization: Typically 30 years

Interest Rate: Competitive “swap based” pricing

Loan To Value: Typically from 65% to 75% of appraised value. Higher leverage mezzanine transactions considered on a case by case basis.

DSCR Requirement: 1.45 to 1

Borrower: Single Purpose Entity

Security: First Mortgage and Mezzanine

Reserves: Reserves for ongoing TI/LC and CapEx are collected

Prepayment Penalty:Yield maintenance or Defeasance, with lockout for the earlier of 3 years after loan closing or 2 years after loan securitization

*Loans are non‐recourse to Key Principals but there are “bad boy” carve‐outs

This program is not yet available for construction, but hotel construction financing (with recourse) is available for projects of $20 million or less. Click here for more info: hotel construction loans.

Please call 1-800-414-5285 for more information or e-mail jking (at) green commercial capital (dot) com