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Loan Programs

Stonehill, a direct hospitality lender, is actively providing permanent loans, bridge loans, mezzanine loans and preferred equity investments secured by hotel assets. Founded in 2013, Stonehill provides creative finance solutions for acquisitions, recapitalizations, refinancings, and renovations. The principals of Stonehill have combined to originate and structure over $3.0 billion of hospitality debt, and since closing their first fund in 2014, Stonehill has completed more than 80 transactions totaling over $1 billion.

Programs Permanent Bridge Construction Mezzanine Preferred Equity PACE Retro PACE Note Purchases
Amount $5 million to $50 million $10M – $50M $10 million to $50 million $2M – $20M $3M – $20M $1M – $50M $1M – $50M $5M – $50M
Rate Fixed 4.5% to 6.5% Fixed/floating 7 – 9% Fixed or floating 7.0% to 10% Starting at 14% Starting at 13% Fixed starting at 5.75% Fixed starting at 5.75% Variable
Amortization 20 to 30 years Interest only Interest only available Interest only or matched
to senior
N/A Up to 30 years Up to 30 years Variable
Purpose Acquisitions and Refinances (other scenarios considered) Acquisitions
Recapitalization
Construction Takeout
PIP/Renovation,
Conversions
Gap Financing
Construction Acquisitions
Recapitalization
Construction Takeout
PIP/Renovation
Conversions
Gap Financing
Acquisition
Recapitalization
PIP/Renovation
Rescue Capital
CMBS
Loan Assumption
Partner Buyout
New Construction, Renovation, Recapitalization Create liquidity for
eligible projects
under construction or
completed within the
last 36 months in
CA, CO, CT, DC, FL,
MI, MO, NE, NY, TX,
PA, OH, UT, WI
Acquire performing,
sub-performing, and
non-performing loans
secured by
hotel properties
Loan To Value Up to 75% LTV Up to 75% LTV Up to 80% LTV Up to 75% LTV Up to 95% LTV Up to 30% Up to 30% Variable
Loan To Cost Up to 80% LTC Up to 75% LTC Up to 80% LTC Up to 75% LTC Up to 95% LTC 30% 30% Variable
Loan Term 5, 7, or 10 years 2 to 5 years 3 to 5 years Matched to senior loan N/A Up to 30 years Up to 30 years
(no payments up
to 2 years)
Variable
Loan Fee 0% 1% to 2% 1% to 2% 1% to 2% 2% 1% to 2% 1% to 2% N/A
Guarantees Non-recourse with exception of carve outs Recourse and non-recourse Recourse and nonrecourse. Completion Guarantees required Recourse and non-recourse N/A Non-recourse and
flexible prepyament
Non-recourse and
flexible prepyament
Recourse and
non-recourse