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Hotel SBA 7(a) Loans

Overview

Bridge

Construction/Takeout

Conventional

SBA 7a

SBA 504

USDA B&I

Maximum Loan Amount: 5MM - See SBA 7a Stimulus Bill program changes Maximum Advance Rate: 85% depending on borrower's experience and the existing and/or the projected cash flow. However, in the current credit market, most lenders are not offering over 75% LTV on hotel loans. Interest Rates: Adjustable and pegged to PRIME index. The maximum allowable spread the SBA has allowed a lender to charge is 2.75% so the total rate would be calculated as:   Rate= PRIME + 2.75% Major Features: Hypothetically requires very low injection albeit in this credit market the injection is generally at 25% Supports first time buyers (with hotel management experience of course) Accommodates short-term hotel investments (i.e. Short-term prepayment penalty of 5 3 1) Fits well for turn-around/projection based hotel transactions Applies to non-flag independent hotels/motels Covers all markets and geographic areas

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