Hotel and Motel Mortgage.

Hotel and motel mortgage financing are available through traditional and private funding sources. Whether you are looking to purchase, refinance, construction, renovate, or access equity, financing options exist. 

In most cases, a minimum down-payment, or retained equity should be no less than 35% of the purchase price or fair market value. Hotels and motels are a unique asset class and accordingly lenders will at times opt out of providing financing. This is either due to capital restraints, or simply a lack of experience with underwriting and lending on the asset type. 

DV Capital Corporation upholds relationships that enable fast and flexible hotel and motel mortgage financing.  

Forget whatever you know about the process to obtain a residential mortgage. If you are wishing to finance a hotel or motel, be prepared to provide a copy of the  operating expenses, income forecasts, financial statements, and resumes on the management team.  In addition, you can anticipate the requirement for an appraisal and environmental report and other documents and or requirements during the due diligence process.