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.
|Amount||$5 million to $50 million|
|Rate||Fixed or floating 6.0% to 9.0%|
|Amortization||Interest only available|
|Purpose||Acquisitions, Recapitalization, Construction Takeout, PIP/Renovation, Conversion, and Gap Financing (other scenarios considered)|
|Loan To Value||Up to 85% LTV|
|Loan To Cost||Up to 85% LTC|
|Loan Term||2 to 5 years|
|Loan Fee||1% to 2%|
|Guarantees||Recourse and non-recourse|