EVEN Hotel by IHG - New Construction
Let MidCap Hotel Loans secure the financing you need for a hotel purchase, refinance, reposition, build or Property Improvement Plan (PIP). We provide free consultations and never a fee until you close.
Call 727-223-8989 today to get started.
|Loan Type||Interest Rate||Loan Term||Amortization||Recourse||Leverage|
|CMBS||6.62%||10 years||Up to 30 yrs||No||60% - 70%|
|SBA||7.10%||5 years||Up to 25 yrs||Yes||75% - 85%|
|Bridge||9.84%||3 years||Interest-only||No||65% - 75%|
|Bank||6.71%||5 years||Up to 25 yrs||Yes||55% - 65%|
*Rates updated weekly. Terms are general parameters and are not guaranteed. Call us today for the most current rates.
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At MidCap, we track investment grade and high yield bond indices. We also evaluate each new AAA bond issuance and the prices at which those bonds trade in the secondary market. This provides insight into a lender's break-even profitability level allowing us to push for the lowest possible rate on your behalf.
Bridge loans literally bridge the gap from Point A to Point B and can provide just the flexibility that you need. MidCap Hotel Loans deals only with well-established bridge lenders.