Thank you for your online Hotel Loan inquiry.
In order to review your request we will need your assistance in gathering several documents. Please forward to us the applicable documents as soon as possible so we can review and get back to you in a timely manner.
The following items are needed on the Borrowing Entity:
The following items are needed on all shareholders holding a 20% or more ownership stake in the borrowing entity:
- Most recent 3 years Personal Tax Returns (Federal Return Only) – must be complete return and include all Schedules including K1 Statements
- Current Personal Financial Statement – must be current within and dated within 30 days of application
- Personal Resume – can attached your own typed resume, however must answer questions on our form, sign and date
We need the following information on all other businesses where you have a 20% or more ownership interest – same applies to all partners of the borrowing entity:
- Most recent 3 years Business Tax Returns – must be complete returns with all schedules including K1 Statements
- Current Year to Date Profit and Loss Statement with Balance Sheet
- Business Debt Schedule – must tie into the Balance Sheet
- Articles of Organization
Please send us all below applicable items:
- Copy of most recent STR Report
- Copy of most recent Property Appraisal
- If refinancing – provide copies of all outstanding Notes
- If refinancing – provide a copy of most recent Property Appraisal
- If Property Appraisal does not have color photos we will need digital photos of the exterior and interior of the subject property
- If this is a new purchase we will need a copy of the Purchase Agreement
- If this is a Construction Loan we will need a feasibility study, a business plan, a detailed contractor bid and approval letter from franchise
- Copy of Property Insurance Declaration Page
We appreciate the opportunity to assist you with your loan request.
If you have any questions about any of the needed documents please do not hesitate to contact us.
Thank you for the opportunity to assist you.