Hotel Loans - Great Rates | 24hr Pre-Approvals
Select Commercial specializes in hotel loans and hotel financing. Hospitality lending requires a lender that really understands and specializes in lending to hotel owners. Most conventional lenders do not have this particular expertise and reject hotel mortgage requests. Select Commercial has a special expertise in providing hotel loans. We will finance the purchase or refinance of large full service hotels, smaller limited service hotels and extended stay properties. We will provide acquisition financing, refinances, and even property improvement loans in order to finance furniture, fixtures and equipment (FF+E). We will finance property improvements in order to allow a hotel owner to “re-brand” or “switch flags”. We finance hotels located in urban, suburban and vacation areas. We will consider loans on seasonal properties, as well. Many other lenders will not consider seasonal hotels in vacation area locations. Let us help you purchase, refinance or improve your hotel with hotel financing from Select Commercial’s hotel division! Our minimum loan size is $1,000,000.
Our Commercial Real Estate Loan Benefits
Hotel Mortgage Rates start as low as 3.84% (as of May 25th, 2020)
• No upfront application or processing fees
• Simplified application process
• Up to 90% financing available
• Terms and amortizations up to 25 years
• Loans for purchase and refinance, including cash-out
• 24 hour written pre-approvals with no cost and no obligation
Recent TRUSTPILOT Reviews
Select Commercial Funding Reviews from TRUSTPILOT
A three year journey
"Thanks Stephen for all of your hard work in getting our deal closed! I appreciate your professionalism and patience throughout a complicated process. You always were there for my partner and I whenever we had questions and needed answers quick. It was a pleasure to have worked with you and Select Commercial!"