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Owner-Occupied Hospitality

A Hospitality property is a hotel or motel property which receives guests and visitors on primarily a daily/overnight basis. Limited-Service Hospitality properties with nationally recognized franchises (“Flagged”) are preferred.

Typical Properties:

  • Limited-Service Flagged Hospitality (preferred)
  • Full-Service Flagged Hospitality
  • Bed and Breakfast

Summary:

Product Type:

Owner-Occupied  Hospitality

Property Type:

Limited-Service Flagged (preferred), B&B, Independent (OO100 program only), Full-Service.
Franchises are classified A - D

Loan Amount (min/max):

$250,000 to $15MM

LTV (max):

65%

CLTV (max):

85%

Amortization / Term:

25 years

Minimum FICO:

650

Minimum DSCR:

1.20x - 1.35x

Non-Eligible:

Independent (on Flex 90), Ground Lease

Cash-out:

Allowed

Collateral:

Real Property and UCC-1 on FFE

Full Program Guidelines

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Demonstration




Daily FHLB 1/6/09
Prime Rate 3.25%
90-day LIBOR 1.42%
6-Month LIBOR 1.79%
5-Year FHLB 3.43%
7-Year FHLB 4.32%
Weekly SWAP 1/6/09
5-Year SWAP 2.10%
7-Year SWAP 2.31%
10-Year SWAP 2.51%
Daily SWAP 1/6/09
2-Year SWAP 1.50%
5-Year SWAP 2.17%
10-Year SWAP 2.61%
Other Rates 1/6/09
SBA 504
Debenture Rate
7.171%
NMTC
25-Yr Fixed
0%
 
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