480 970 0990
info@fcfcorporation.com
First Charter Financial HOME COMMERCIAL HOTELS MULTIFAMILY FCF BLOG ABOUT US

SBA 504 & 7a LOANS
SBA CONSTRUCTION LOANS
HOTEL MORTGAGE FINANCING
(480) 970-0990


SBA HOSPALITITY FINANCING

Hotel financing is a specialty for us. We understand hotels both large and small. We have done financing for flagged and un-flagged properties in various locations around the country.

The advantage of using the SBA 504 and the 7a programs is that the loan percentage is larger than conventional financing. Typically loans are 80% of construction cost or value. If the property is a "Green" building the loan can go up to 85%.

AQUISITION

Purchasing a hotel property is a very different from buying other commercial properties. Not only are there are no leases but there is usually a franchise. There is also a management contract and the requirement for ongoing replacement of furniture and so-forth.

In addition to the usual due diligence there is often a change of ownership PIP (property improvement program) required by the franchisor. We have a lot of experience with hotel acquisitions and we can be of help to you in getting you deal done. Yes SBA 504 can be used to acquire a property.

REFINANCE

At some point most properties require a refinance. This may be because the existing mortgage is maturing, there is the need to pull cash out of a property or there is the need to fund a PIP. What ever the reason we have the experience and the knowledge to get the job done for you.

CONSTRUCTION

We arrange construction financing in most major markets around the country. We recommend with new construction that you try to go "Green" with your building. There are two major advantages for this. First the construction financing can be 85% of the cost of the development and second you will not be limited by the SBA $5,000,000 total for loans.

Talk to us before you go ahead with your plans.

GET INFORMATION

MINIMUM LOAN SIZE IS $1 MILLION

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8204 East Del Caverna Drive, Scottsdale, AZ. 85258
info@fcfcorporation.com
AZ CMB-0922527
NMLS ID 181100
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