Like the rest of the real estate industry, the hotel industry took a huge hit during the ‘08 financial crisis. Today, hotels are gaining traction and are popular for owners and investors again, especially in hot markets such as San Francisco, Los Angeles, New York, Las Vegas, etc. However, searching for the right type of...
1. What are the basics? So what does a construction loan comprise of? A construction loan’s purpose is self-explanatory but typically it’s short-term - around a year. This allows borrowers to proceed to build and complete their home within a certain time frame. Funds are taken from the loan, or drawn, to pay for the...
1. Business loans are not easy but not impossible Business loans never get enough funding in the beginning. Banks or traditional lenders only loan money to established, serious businesses that have a monthly regular revenue stream. The five C’s bankers want to know about business owners before giving a loan are: Character to maintain a good...
Hotels can be tough to finance so the focus of this blog is on hotels involving real estate. Hotel loans that do not include real estate will not be covered. Hospitality loans are a beast upon themselves. Each lender has different ideas on what is lendable and what isn’t based on the lending structure of...
