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
2/24/18

Oil Climbs As Libyan Outage, Saudi Comments Support
Posted on Thursday February 22, 2018

Oil prices rose to their highest in more than two weeks, supported by the shutdown of the El Feel oilfield in Libya and upbeat comments.

Cyprus Accuses Turkey Of Blocking Ship Again In Gas Exploration Standoff
Posted on Thursday February 22, 2018

Cyprus accused Turkey of threatening to use force against a drillship chartered by Eni, in a standoff over hydrocarbons rights in the eastern Mediterranean.

Italian Government Issues Early Warning Over Gas Supplies
Posted on Thursday February 22, 2018

Italy's industry ministry issued an early warning over gas supplies in the country due to exceptionally bad weather.

Libya Oil Field Is Said to Be Halted Amid Still-Fragile Recovery
Posted on Thursday February 22, 2018

A Libyan oil field halted production due to a labor dispute.

Indonesia To Challenge Latest US Biodiesel Duty Ruling At WTO
Posted on Thursday February 22, 2018

Indonesia plans to challenge the latest ruling by the United States on anti-dumping and countervailing duties on Indonesian biodiesel at the WTO.

Trump Calls Meeting On Biofuels Policy Blamed By Bankrupt Refiner
Posted on Thursday February 22, 2018

President Trump has called a meeting early next week with key senators and Cabinet officials to discuss potential changes to biofuels policy.

Minister: India Seeks 'Reasonable' Oil Price From Saudi Arabia
Posted on Thursday February 22, 2018

India is seeking a reasonable price for crude oil from Saudi Arabia, Oil Minister Dharmendra Pradhan says.

Shale Producers Urge FERC To Deny White Cliffs Oil Pipeline's Fee Request
Posted on Thursday February 22, 2018

Top shale oil producers asked a US regulator this week to reject White Cliffs pipeline's application.

Kenya Pipeline Boosts Oil-Storage Capacity by 22% With Tanks
Posted on Thursday February 22, 2018

Kenya Pipeline Co. will spend building four new tanks that will increase its storage space by more than a fifth, Managing Director Joe Sang says.

Baker Hughes: US Oil Rig Count Rises For Fifth Straight Week
Posted on Thursday February 22, 2018

US energy companies added one oil rig this week, the fifth weekly increase in a row, as oil prices hovered at two-week highs.

Wall Street Journal
Commercial News

2/24/18

WSJ.com: Commercial Real Estate

New York's Commercial Property Slump Shows Signs of Slowing
After a two-year plunge, brokers are optimistic that more deals will take place in 2018.

NYC Council Stops Midtown Tower Construction
Work on an 800-foot-tall tower in East Midtown that has been under construction for six months was halted last week following a vote by the New York City Council to limit skyscrapers in the area,.

Malls Never Wanted Gyms. Now They Court Them
Mall owners long treated gyms, massage parlors, and billiards halls as unwanted tenants that attracted lower-rent visitors who were unlikely to shop. Now they?re giving health clubs some of their best real estate.

New Jersey Office Rents Near Records
Asking rents for New Jersey office space are nearing records as landlords undertake extensive renovations and fill older properties with top-notch amenities.

Brookfield Property Makes $14.8 Billion Offer to Acquire Rest of GGP
Brookfield Property Partners LP has made a $14.8 billion offer to acquire the shares of mall owner GGP Inc. that it doesn?t already own, according to people familiar with the matter.

'Little India' Thrives in Central New Jersey
Oak Tree Road, known as ?Little India,? has been transformed from a rundown and desolate area to a booming ethnic business district that attracts South Asian customers from Maine to Maryland.

NYC's Pearl River Mart Will Expand to Chelsea Market
Pearl River Mart, once a casualty of skyrocketing retail rents, is planning to open another 3,500 square-foot store at Chelsea Market in Manhattan.

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