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.

 
 
 

Wall Street Journal
Commercial News

4/21/21

WSJ.com: US Business

Pfizer Identifies Fake Covid Shots Abroad as Criminals Exploit Vaccine Demand
In Mexico, about 80 people received fraudulent doses, and in Poland authorities recovered vials containing anti-wrinkle drugs.

Snarled Supply Chain Trips Up Small Businesses
Shortages and delays in supplies are squeezing business owners. A Pennsylvania maker of packaging products even has trouble tracking down wooden pallets.

EU Plans Curbs to Artificial Intelligence, Facial Recognition
The European Union?s executive arm proposed a bill that would limit police use of facial-recognition software in public and ban the marketing or use of certain kinds of AI systems, in one of the broadest efforts yet to regulate high-stakes applications of artificial intelligence.

Energy Giants Ditch Oil and Coal Assets. Smaller Rivals Want Them.
BP, Rio Tinto and others are selling the projects for financial and environmental reasons, in a possible boon for those companies that want to double down on fossil fuels.

Apple Unveils Subscription Podcasts, Latest iPad Pro
The tech giant added a paid subscription to its podcast app that heightens its competition with Spotify, along with other new products including an updated high-end iPad.

The Job Market Is Tighter Than You Think
Solid wage growth and unfilled openings point to much less slack than after the previous recession.

Strained IRS is Key to Biden's Agenda
The administration is seeking more money for enforcement and other tasks. Fixes are needed for the problem-plagued system, which allows hundreds of billions of dollars in owed taxes to go uncollected each year.

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