Bridge Loan
Hotel & Motel Loans - LG162
Hotel & Motel Loans - LG162
Summary of all Guidelines | |
| Loan Types | Bridge Loan |
| Property Types | Hotel, Motel |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $200,000 |
| Loan amount Maximum | $20,000,000 |
| Interest Rate Minimum | 8% |
| Interest Rate Maximum | 12% |
| Points Minimum 1st TD | 1 |
| Points Maximum 1st TD | 5 |
| Terms | 6 month, 9 months, 1 year, 18 month, 2 year, 8 months |
| Typical Days Required to Fund | 6-10 Business days |
| Interest Only or Amortized | Interest Only |
| Lien Position | 1st |
| General Pricing or Guideline info | Wilshire Quinn finances hotel loans nationwide up to $20 million. As a private money lender, we are able to underwrite your hotel or motel loan fast and get a pre-approval letter within 24 hours and fund the deal within about 5-7 days. Wilshire Quinn realizes the complexities of financing hotelss and motels. Our successful track record is closely linked to our ability to make immediate lending decisions based on our highly disciplined underwriting approach. The emphasis on in-house loan origination allows our borrowers to move forward with confidence in our hotel loans program. - Time to Close 5 - 7 days - Up to 60% LTV and 60% of ARV for rehab, not to exceed 90% of the purchase price. - Loan Term: 3 - 24 months - Lending Areas Nationwide, in metropolitan and coastal areas. |
| Updated as of | 2023-10-09 |
| Program Code | LG162 |
Wilshire Quinn finances hotel loans nationwide up to $20 million. As a private money lender, we are able to underwrite your hotel or motel loan fast and get a pre-approval letter within 24 hours and fund the deal within about 5-7 days. Wilshire Quinn realizes the complexities of financing hotelss and motels. Our successful track record is closely linked to our ability to make immediate lending decisions based on our highly disciplined underwriting approach. The emphasis on in-house loan origination allows our borrowers to move forward with confidence in our hotel loans program.
- Time to Close 5 - 7 days
- Up to 60% LTV and 60% of ARV for rehab, not to exceed 90% of the purchase price.
- Loans Term: 3 - 24 months
- Lending Areas Nationwide, in metropolitan and coastal areas.
