Our personal advisory approach will make you rest assured that you are getting the best hotel financing solution, which is tailored specifically for your situation.
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HOTEL FINANCING

Ocean Pacific Capital has extensive experience in flag and non-flag hotel and resort financing. At our company we take a personal advisory approach to the financing process so you will work closely with a loan officer who specializes in hotel finance. You can rest assured that by working with us you are getting the best hotel financing solution, which is tailored specifically for your situation.

Hotel, Motel, and Resort financing requires the top notch skills of an experienced commercial loan officer who can bring out the best in the property, highlighting its value added services, and pointing the property toward the future. Our hotel financing specialists have the years of experience it takes to understand exactly what the proprietor expects in handling the financial well-being of his considerable investment.

The cost and availability of capital have an enormous affect on the hospitality industry, with far-reaching implications for property liquidity, values and new supply. Given the importance and recent shortage of financing to the industry you need our experience to find you the best hotel financing solution.

Whether you are developing or acquiring hotel properties, it is critical to consider the possibility that interest rates will be radically changing in the next 24 to 36 months. There are several strategies to help understand these issues when it comes time to consider construction, bridge, and mezzanine financing options. It is the same analysis used by institutional partners with pre-set investment time horizons and IRR preferred returns that compound before anything is ever seen.

In recent years, interest rates spreads have contracted to the narrowest margins in recent history, which means existing hotel and resort properties can be leveraged by as much as 90 percent of a property's value. Still, the time will come when permanent financing must be put in place - even if you replace current financing with another bridge loan, underwriting rules remain relatively constant. Hotel finance is highly complex which is why the utilization of Ocean Pacific Capital's hotel finance experts is key.

Ocean Pacific Capital can provide the best hotel financing for properties worldwide. Loan amounts on hotel loans can range from $500,000 to $1.3 billion. Fixed rates on hotel loans are also available as well as hotel loans with adjustable rates. Debt coverage ratios for hotel loans start at 1.10 and up.

HOTEL PROGRAM PARAMETERS

Loan Term: Loan maturities are normally ten years. Other maturities will be determined based on your specific case.

Loan Amortization: 25 and 30 year amortization

Debt Service Coverage Ratio (DSCR): DSCR of 1.35:1 dependant upon property type, physical condition, age, location and competitiveness of market position

Loan to Value Ratio: Up to 70% with Limited Service or up to 80% with Full Service of MAI appraised value conforming to FIRREA and USAO guidelines and up to 75% with limited service or up to 85% (full service) of loan to acquisition cost (if applicable).

Loan Escrows: The borrower will typically contribute monhtly to an excrow account for real estate taxes and property insurance. The borrower will usually also establish a monthly capital replacement escrow reserve equal to the greater of i. 4 % of gross revenues or II an amount to be determined by DBMC on the basis of an engineering report and DBMC's site inspection. These reserves may be waived or capped depending on your situation.

Please contact us to discuss how you can receive the best hotel financing today at 1-800-595-1474 or fill out a simple form with your project details and we will contact you right away.


Whatever your financing needs,
we will tailor a loan that's right for you.

 
 
 


Daily Oil & Gas and Wall Street Journal News
9/22/19

Oil Prices Up for the Week
Posted on Thursday September 19, 2019

An exciting week for WTI and Brent crude oil future has come to an end.

US Drillers Lose 18 Oil, Gas Rigs
Posted on Thursday September 19, 2019

The U.S. lost a net total of 18 oil and gas rigs this week.

Bahamas Terminal Returns to Full Ops
Posted on Thursday September 19, 2019

Buckeye Partners reported that it has resumed full operations at its Buckeye Bahamas Hub.

Permian Child Wells May Cut Oil Recovery By 20 Percent
Posted on Thursday September 19, 2019

Oil producers drilling so-called parent-child wells in the Permian Basin are risking the loss of 15% to 20% of the crude that can ultimately be recovered from those wells by spacing them too close together.

More Haynesville Gas Headed to Gulf Coast
Posted on Thursday September 19, 2019

Enterprise Products Partners will expand and extend its Acadian natural gas pipeline system linking the Haynesville Shale to the LNG market in South Louisiana.

McDermott May Sell Lummus
Posted on Thursday September 19, 2019

McDermott is considering selling all or part of its Lummus Technology business.

Aramco Reveals Damage to Giant Oil Field
Posted on Thursday September 19, 2019

Saudi Aramco revealed damage caused by an aerial strike on its Khurais oil field last weekend.

Volatile Market Expected to Continue in 2H
Posted on Thursday September 19, 2019

The oil and gas market is expected to continue to be volatile in the second half of 2019, Petronas notes.

Texas Coast Reels from Flooding
Posted on Thursday September 19, 2019

The remnants of Tropical Storm Imelda lashed Houston and coastal Texas, inundating homes, paralyzing travelers, disrupting oil supplies and threatening hospitals and refineries.

Risk of Further Saudi Attacks High
Posted on Thursday September 19, 2019

The risk of further high-impact attacks against Saudi energy infrastructure is high, according to Verisk Maplecroft.

Wall Street Journal
Commercial News

9/22/19

WSJ.com: US Business

This Company Has Filed 10,000 Appeals to Trump's Tariffs
President Trump has said China is paying the cost of tariffs, but many U.S. importers see them as threats and are racing to seek exemptions. One such company has filed nearly two-thirds of all appeals.

Oil Companies, Pushed to Address Climate, Disagree on How
As global leaders prepare to debate action on climate change at the United Nations, big oil companies are aiming to show that they are part of the solution to a problem they helped cause.

Deere Turns to U.S. After Growth Stalls Overseas
Deere?s incoming chief executive will take charge as the struggling tractor maker switches course from its sluggish global expansion to a narrower focus on its home U.S. market.

Uber, Lyft Drivers Torn as California Law Could Reclassify Them
Some gig-economy workers who drive for Uber and Lyft see downsides ahead with California?s new law that might label them as employees instead of independent contractors.

The War for Talent in the Age of Netflix
In the battle to dominate the new entertainment landscape, Hollywood?s titans are borrowing from Netflix?s playbook, transforming how they do business with writers, producers and stars?and how money is made in entertainment.

Powell's Subtle Messaging to Trump on Trade Fight
Fed Chairman Jerome Powell?s press conference this week carried a subtle message for President Trump: If you?re worried about an economic slowdown, find a way to cool down the trade war.

Pace of Growth Slowed for U.S. Household Net Worth in Second Quarter
The net worth of American households grew in second quarter, but at a slower rate than the prior quarter.

BRE #:00619059
Charles Elfsten, President
Charles A. Elfsten
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