HOTELS AND MOTELS

• Purchase or Refinance
• Loan amounts up to $50,000,000

Program includes:

• Hotels : Flagged and non-flagged
• Motels: Flagged and non-flagged
• Condo/Hotels

Highlights:

• Fixed period up to 30 years
• Amortizations up to 30 years
• No balloon payments
• This is not an SBA program
• High LTV
• Low rate program
• Common sesne underwriting
• Refinance
• Purchases
• Unlimited cashout
• Loan amounts up to $50,00,000

Criteria:

Nationally Franchised Hotels/Motels

Non flagged properties may require additional dcumentation

Limited Service

Owner Operated

Successful Management Experience

Good Credit

Cash Flow Information Needed

3 Years Tax Returns

Interim financial statements

Debt Schedule

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ECONOMY/BUDGET	�MID-SIZE (Limited service)
Days Inn Econo Lodge Sleep Inn Super 8 Travelodge Baymont Inns Microtel Inns Red Roof Inn Motel 6 Roadway Inn Best Western FRANCHISE Choice Cendant Marcus US Franchise Systems Acor Marriott Hilton Bass Carlson Internantinal Prime Hospitality LaQuinta	Comfort Inn Fairfield Inn Hampton Inn Holiday Inn Express Howard Johnson Hilton Gardens Quality Inn Ramada Limited Country Inn & Suites Wingate Inn AmeriHost Staybridge Suites Homewood Suites Springhill Suites AmeriSuites Clarion LaQuinta �
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