What % down payment is needed for a Hotel loan these days? What are the rates at as well?

Looking to purchase mid scale Hotels and need to find financing options. What % down payment is needed and what are the terms?
In Buying Property - Asked by Nilesh P. - Aug 17, 2009
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Answer(s)

Greg B.
Broker/Agent
Larkspur, CA

Good luck finding anyone that will make a hotel related loan of any sort

Aug 18, 2009
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sudersan j.
Broker/Agent
Houston, TX

30% + with good personal financial. Also it helps if you have owned and operated a Hotel/motel. Finally the property that you are interested in buying must be solid income producing property and stand on its own merit. Bottom line is that you have to prove to lender that the property/owner-operator are a good combination and their risk is minimal.
As long as you are resonable in your expectations and go the distance, it is possible.

Aug 18, 2009
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