Commercial Real Estate Hotel Loans
Hotel loans are a combination of a real estate loan and a business loan wrapped up into one. Given the underlying real estate is being pledge as collateral, your hotel building must be approved like it is with a traditional commercial real estate loan. However, you also must prove the validity of your hotel as a business.
Hotel financing is needed for many different business situations. You may want to refinance your current hotel loan, get a loan for your hotel renovation, make a new hotel acquisition, or you may need a loan for new equipment. Regardless of your situation, hotels often get loans from three main sources:
- Conventional Bank Loans
- SBA 7a Loans
- SBA 504 Loans
Talk to the Experts Today
Getting the right hotel financing requires that you work with the right people. At BizCom Loan we have great partnerships with private investment firms and can leverage those connections to help you get the loan you need quickly and easily. Call us today to learn more.