Hotel & Resort Financing                     

In a time when the financing for hotels and resorts is extremely difficult, Capital Funding of America can provide not only permanent financing for your hospitality operation, but also the development loan that you may need to build the structures.  In this way, CFoA, can satisfy  all of the financing requirements you have to get your operation up and running--from new construction to refinancing.

Through Capital Funding of America, our clients have hotel and resort  real estate loans available to them at extended fixed or adjustable loan rates with very exceptional terms, and with an unlimited maximum loan amounts.  (All rates and terms are subject to due diligence,  and market conditions at the time of  the loan submission and funding.)

The requirements for loan submission, including a management team with a solid background in the industry, are as follows:    

Refinancing of Existing Facilities:

• The verification of the original paid in equity provided at the initial acquisition date--no matter how old.

• Income statement and budget reflecting a stabilized net operating profit with explanation as to how it was arrived.

• Define any rehabilitation, updating, or repairs that are going to be done with the refinancing.

• Outline any other liens, major liabilities, etc. that are going to be paid off with the refinance.

• Personal financial statements of all principals owning more than 5% of the organization.

• Two years tax returns for the organization and the principals owning more than 5% of the organization.

• Two years income statements and balance sheet for the property, plus trailing period financials..

• Resumes of all of the principals.

• The amount of the present debt for all mortgages, both first and second mortgage.

• Completed CFoA Loan Applications and Credit Authorizations.

New Acquisitions:

• Brief executive summary detailing the basics of the acquisition.

• Pro Forma Income statement and budget reflecting a stabilized net operating profit with explanation as to how it was arrived.

• Define any rehabilitation, updating, or repairs that are going with the refinancing.

• Two years tax returns for the organization and the principals owning more than 5% of the organization.

• Two years income statements and balance sheet.

• Personal financial statements on principals owning more than 5% of the organization.

• Resumes of the principals.

• Completed CFoA Loan Applications and Credit Authorizations.

New Construction or Substantial Rehabilitation:

• Brief executive summary explaining use and income source from the property and background of the organization to be the proposed real estate.

• Two years tax returns for the organization and the principals owning more than 5% of the organization.

• Two years income statements and balance sheet, plus trailing period financials for substantial rehabilitation..

• Personal financial statements on principals owning more than 5% of the organization.

• Resumes of the principals.

• Pro Forma Net Operating Statement .

• Simple recap of Construction Costs.

• Plans and Specifications for construction.

• Completed CFoA Loan Applications and Credit Authorizations.

To see a sample of our commercial loan programs and rates, including Hotel and Resort Financing,  please use this link: Commercial Real Estate Loan Rates.

Please contact us at 1-800-322-5985 for more information about our hotel and resort real estate loan programs or use this link to our CONTACT US page.  

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