Warning: Illegal string offset 'html' in /home3/loanuniv/public_html/forums/cache/skin_cache/cacheid_1/skin_topic.php on line 909

Warning: Cannot modify header information - headers already sent by (output started at /home3/loanuniv/public_html/forums/cache/skin_cache/cacheid_1/skin_topic.php:909) in /home3/loanuniv/public_html/forums/admin/sources/classes/output/formats/html/htmlOutput.php on line 114

Warning: Cannot modify header information - headers already sent by (output started at /home3/loanuniv/public_html/forums/cache/skin_cache/cacheid_1/skin_topic.php:909) in /home3/loanuniv/public_html/forums/admin/sources/classes/output/formats/html/htmlOutput.php on line 127

Warning: Cannot modify header information - headers already sent by (output started at /home3/loanuniv/public_html/forums/cache/skin_cache/cacheid_1/skin_topic.php:909) in /home3/loanuniv/public_html/forums/admin/sources/classes/output/formats/html/htmlOutput.php on line 136

Warning: Cannot modify header information - headers already sent by (output started at /home3/loanuniv/public_html/forums/cache/skin_cache/cacheid_1/skin_topic.php:909) in /home3/loanuniv/public_html/forums/admin/sources/classes/output/formats/html/htmlOutput.php on line 137

Warning: Cannot modify header information - headers already sent by (output started at /home3/loanuniv/public_html/forums/cache/skin_cache/cacheid_1/skin_topic.php:909) in /home3/loanuniv/public_html/forums/admin/sources/classes/output/formats/html/htmlOutput.php on line 141
0% to 10% down loan needed for hotel in ohio - LoanUniverse Community

Jump to content


0% to 10% down loan needed for hotel in ohio


6 replies to this topic

#1 Anish Shah

    Summer Intern

  • Members
  • 1 posts

Posted 22 November 2004 - 03:40 PM

Seeking lenders that can finance national franchise hotel in ohio with borrower injecting 0% to 10% down. Borrower has over 20 years hotel ownership experience and currently owns Hilton family of hotels in Ohio.

Please email cmhdl_hampton@hilton.com

Thanks.

#2 loanuniverse

    Administrator

  • Admin
  • PipPipPipPipPipPipPip
  • 1,251 posts
  • Gender:Male

Posted 22 November 2004 - 08:21 PM

Anish:

Good luck finding hotel financing. It has been my experience that most bank lenders avoid doing this type of financing, and I am in an area where tourism is a one of the top industries.

#3 Commercial Lender

    Sr. Credit Analyst

  • Members
  • PipPipPipPipPipPipPip
  • 218 posts
  • Location:New York

Posted 25 November 2004 - 11:22 PM

Yep! Hotels usually yield a 60% LTV. Best bet would be hotel franchise it self, most have financing arms. Some hard money guys may beinterested if he either has (a) allows a first lein on the other hotel or (cool.gif this hotel is already constructed and has good financials.

#4 avatarfi

    Full-Time Teller

  • Members
  • Pip
  • 12 posts
  • Location:Seattle, WA
  • Interests:Hiking, Outdoors, Web Development, Politics, Blogging

Posted 01 December 2004 - 06:03 PM

We may be able to help you out, depending on your situation. If nothing else, we can at least provide a referral to someone who is reliable in the industry. I wasn't clear on your situation - are you seeking to purchase an existing property, or build one?

You can get in touch via the sig, or through PM system. Good Luck!

#5 Guest_p cinguina_*

  • Guests

Posted 28 December 2004 - 11:35 AM

Edit: Financial professionals must register

Edited by loanuniverse, 28 December 2004 - 01:38 PM.


#6 APCapitalFinancial.com

    Head-Teller

  • Members
  • PipPip
  • 24 posts

Posted 21 January 2005 - 04:19 AM

You won't find that in any type of Bank or Conduit...

Your best bet is Hard$

#7 Guest_NC Properties & Financial Sv_*

  • Guests

Posted 14 July 2005 - 09:05 PM

QUOTE(Anish Shah @ Nov 22 2004, 03:40 PM)
Seeking lenders that can finance national franchise hotel in ohio with borrower injecting 0% to 10% down.  Borrower has over 20 years hotel ownership experience and currently owns Hilton family of hotels in Ohio.

Please email cmhdl_hampton@hilton.com

Thanks.

View Post




We are a funding acquisition company with the ability to fund various projects thru our private investors and lenders. After researching your project, we found it to be quite interesting and would like to entertain the opportunity to provide funding. If our offer is of interest to you and your company or your client, please let us know. Please let us know how much equity your company is contributing to your project. Please explain just what type of hotel you are planning to build.


N.Caffee, President/CEO
NC Properties & Financial Svs





1 user(s) are reading this topic

0 members, 1 guests, 0 anonymous users