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
4/10/20

Opaque Oil Talks Add to Market Volatility
Posted on Friday April 10, 2020

Check out Rigzone panelists' perspectives on the top oil market hits and misses for the week ending April 10, 2020.

How the Pandemic Extinguished Global Oil Demand
Posted on Friday April 10, 2020

This week the EIA reported US drivers consumed the least gasoline for at least 30 years.

Mexico Makes OPEC+ Oil-Output Cuts Deal With Trump
Posted on Friday April 10, 2020

Mexico has reached an oil-production cuts agreement with OPEC+ after an intervention from President Trump.

Trump Exhorts Allies to Buy American First
Posted on Friday April 10, 2020

The Trump administration has a plan for helping drain U.S. storage tanks filling up with crude.

Apache Finds Very Substantial Oil Resource
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Here are some of Rigzone's top stories during the last week, just in case you missed them...

OGUK Hosts Webinars to Help Firms Through Pandemic
Posted on Friday April 10, 2020

OGUK is hosting a series of webinars for its member companies to learn more about the support available to them in the wake of the coronavirus pandemic.

Trump Dubs Tentative Oil Pact Very Acceptable
Posted on Friday April 10, 2020

President Donald Trump said a tentative agreement between Saudi Arabia and Russia to cut global oil production is a 'very acceptable agreement'.

OPEC+ Confirms Production Cut Details
Posted on Friday April 10, 2020

After much speculation, OPEC+ has finally confirmed what the group agreed to at its latest webinar meeting, which lasted for several hours.

Refining and Oil Export Slowdowns Among Top Issues
Posted on Friday April 10, 2020

Check out a review of Rigzone's top downstream-related articles for the week ending April 10, 2020.

Saudi, Russia Production Deal Shifts Focus on G-20
Posted on Thursday April 09, 2020

Attention now turns to the Group of 20 energy ministers meeting on Friday.

Wall Street Journal
Commercial News

4/10/20

WSJ.com: US Business

Small-Business Loans Face Delays
The first applicants still await funding, fueling anxiety among business owners whose revenue has tanked during the coronavirus pandemic.

3M Sues Mask-Seller for Alleged Gouging, Trademark Infringement
The company said Performance Supply tried to sell 3M-branded masks to New York City officials for up to six times list prices.

Coronavirus Closed the Bars. America Stocked the Liquor Cabinet.
Sales of alcohol at U.S. liquor and grocery stores jumped 22% for the week ending March 28, compared with the same period last year, and online alcohol sales have also soared as many states let restaurants and bars make home deliveries or offer takeout wine and cocktails.

Boeing CEO Faces Deepening Crisis After Rocky Start
CEO David Calhoun has at times made troubles worse as Boeing confronts the pandemic and continuing 737 MAX woes, recently undercutting the urgency of the aerospace giant?s request for government aid.

Health Authorities Roll Out New Tests to Gauge Spread of Covid-19
The next wave of testing aims to search for signs of past infection in a patient?s blood, potentially giving public-health and hospital officials a better idea of who can safely treat patients and stop social distancing.

Coronavirus Disruptions Pushed U.S. Prices Down in March
U.S. consumer prices fell in March as oil prices plummeted and the economy began to strain under the new coronavirus pandemic.

Industrialized Nations Attempt an Oil Market Solution
A virtual summit of Group of 20 energy ministers is tackling the question of how industrialized nations can help resolve an unprecedented oil glut partly triggered by the coronavirus pandemic, and producers are pinning their hopes on U.S. President Donald Trump.

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