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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
Amount $5 million to $50 million $5 million to $50 million $10 million to $50 million $1 million to $10 million $3 million to $10 million $1 million to $50 million
Rate Fixed 4.5% to 6.5% Fixed or floating 6.0% to 9.0% Fixed or floating 7.0% to 10% Starting at 12% 13% to 20% Fixed 6.0% to 8.0%
Amortization 20 to 30 years Interest only available Interest only available Interest only or matched to senior loan N/A Up to 30 years
Purpose Acquisitions and Refinances (other scenarios considered) Acquisitions, Recapitalization, Construction Takeout, PIP/Renovation, Conversion, and Gap Financing (other scenarios considered) Construction Acquisition, Recapitalization, PIP/Renovation Financing, and Gap Financing (other scenarios considered) Acquisition, Recapitalization, PIP/ Renovation, CMBS Loan Assumption, and Partner Buyout (other scenarios considered) New Construction, Renovation, Recapitalization
Loan To Value Up to 75% LTV Up to 85% LTV Up to 80% LTV Up to 85% LTV Up to 95% LTV Up to 25%
Loan To Cost Up to 80% LTC Up to 85% LTC Up to 80% LTC Up to 85% LTC Up to 95% LTC 25%
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
Loan Fee 0% 1% to 2% 1% to 2% 1% to 2% 2% 2%
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