Lending Guide

Hotel & Motel Financing

Name: Riverside Park Capital
Address: New York, NY, US
Price range: $500,000 – $10,000,000

Riverside Park Capital finances flagged and independent hotels and motels from $500,000 to $10,000,000 in the Top 200 U.S. MSAs. Permanent and bridge programs go up to 75% LTV with unlimited cash-out on qualifying refinances — sponsors are not capped on cash-back proceeds when underwriting supports the leverage.

$500,000 – $10,000,000

Hospitality (Hotels & Motels)

Eligible Asset Types

Limited-Service Hotels
Select-Service Hotels
Boutique / Independent Hotels
Flagged / Branded Hotels
Roadside Motels
Extended-Stay

Hotel & Motel Loan Parameters

As of Q2 2026

Up to 75% LTV
Unlimited cash-out
Top 200 MSAs only

Program	Max LTV	Cash-Out	Min DSCR	Term
Permanent (stabilized)	75%	Unlimited	1.25	5–10 yr
Bridge / Repositioning	70%	Unlimited	Interest-only acceptable	12–36 mo
PIP / Capex Inclusion	75% all-in	Unlimited	1.20 stressed	5–7 yr
Acquisition	75%	n/a	1.25	5–10 yr

• Unlimited cash-out is subject to appraised value, trailing 12-month NOI, and final credit approval.
• Flagged hotels typically price tighter than independents; brand reserves and PIP are factored into underwriting.

Source: Riverside Park Capital (Q2 2026) — https://www.riversidepark.capital/hotel-motel-financing. Data may be cited or embedded with attribution.

Underwriting Guidelines

Maximum LTV: 75% (acquisition and refinance, including cash-out)
Unlimited cash-out — no dollar cap when leverage is supported by appraisal and trailing 12 NOI
Minimum debt yield: 10% on permanent, 8% on bridge
Minimum DSCR: 1.25 on stabilized permanent debt
PIP / brand-mandated capex may be financed inside the loan
Term: 5–10 years permanent; 12–36 months bridge
Recourse: full, partial, or non-recourse depending on leverage and sponsor
Property must operate in a Top 200 U.S. MSA

Who This Is For

Hotel sponsors refinancing maturing CMBS or bank debt
Operators pulling cash out of stabilized hospitality assets
Buyers of single-asset and small portfolio hotels/motels
Sponsors funding PIP, repositioning, or brand conversion

Who This Is Not For

Hotels in rural or sub–100,000 population markets (outside Top 200 MSAs)
Distressed or non-operating assets without a clear business plan
Loans below $500,000

Frequently Asked Questions

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Subject to underwriting, collateral review, borrower qualification, and lender approval. Not a commitment to lend.

Loan Parameters

Minimum$500,000

Maximum$10,000,000

Not eligible: owner-occupied residential, loans below $500K

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Commercial real estate and investor property loans from $500,000 to $10,000,000.

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