Stonehill provides bridge loans for owners throughout the hospitality industry. We are a direct lender specializing in hotel financing tailored to suit the needs of our customers. By choosing us for your hotel lending needs, you have a partner that can provide capital that is structured to facilitate your business plan.
As their name suggests, bridge loans are intended to bridge the gap between acquisition of a new property and the finalization of permanent hotel loans to finance that property. These loans are considered to be somewhat higher risk and may feature a higher interest rate than comparable permanent arrangements. Stonehill is a direct lender with extensive experience in providing bridge loans for hotel owners.
To learn more about the bridge loans and short-term debt financing options available from Stonehill, contact us today. We will be happy to work with you to identify workable strategies for your company.
Loan Guidelines
| Amount | $10M – $50M |
| Rate | Fixed/floating 7 – 9% |
| Amortization | Interest only |
| Purpose | Acquisitions Recapitalization Construction Takeout PIP/Renovation, Conversions Gap Financing |
| Loan To Value | Up to 75% LTV |
| Loan To Cost | Up to 75% LTC |
| Loan Term | 2 to 5 years |
| Loan Fee | 1% to 2% |
| Guarantees | Recourse and non-recourse |