Alliance Business Capital offers CMBS Hotel Loans as a Commercial Loan Broker. We work with a handful of Investors who fund CMBS Hotel Loans originated by Alliance.
Please view the below general guidelines for more information on the CMBS Hotel Loan Program offered through Alliance. Should you have any questions please do not hesitate to Contact Us.
CMBS Hotel General Guidelines
| Minimum Loan: | $2 Million |
| Maximum Loan: | $50 Million |
| Loan Term: | 5,7 or 10 Years |
| Amortization: | 20,25 or 30 Years |
| Minimum DSCR: | 1.40x |
| Maximum LTV: | 60% in Top MSAs |
| Interest Rate: | Fixed Rate throughout term |
| Eligible Loan Purposes: | New Purchase Refinance |
| Eligible Markets: | Major Markets |
| Eligible Borrower: | Special-purpose entity required |
| Reserves: | Taxes, Insurance and Replacement Reserves required |
| Recourse: | Determined on deal basis |
| Assumable: | Permitted subject to lender approval and an assumption fee |
| Security: | First Mortgage |
| Expense Deposit: | $25,000 + expense deposit-adequate to cover third-party reports, legal fees and other customary costs |
| Origination Fee: | 1% to Alliance 0% - 1% to Lender |
| Notes: | Limited Services Hotels that have a national flag affiliation. Major markets only. |