How much cash can I pull out of my hotel?

There is no fixed dollar cap on cash-out. Proceeds are governed by up to 90% LTV and the property's trailing 12-month NOI / debt yield. If the appraisal and cash flow support 90% LTV, you can take the full amount out.

Do you finance independent (non-flagged) hotels?

Yes. Independents may be eligible for leverage up to 90% depending on market, sponsor track record, and operating history.

Will you fund PIP or brand-mandated renovations?

Yes. PIP and brand capex can be rolled into the loan amount up to the supported all-in LTV cap.

What markets do you lend in?

Top 200 U.S. MSAs only. Rural and sub-100,000-population markets are not eligible.

Are these loans recourse?

It depends on leverage and sponsor strength. Lower leverage and stronger sponsorship typically qualify for non-recourse or partial recourse; transitional and high-leverage permanent debt is generally recourse.

Lending Guide

Hotel & Motel Financing

Name: Riverside Park Capital
Address: New York, NY, US
Price range: Up to $15,000,000

Riverside Park Capital finances flagged and independent hotels and motels up to $15,000,000 in the Top 200 U.S. MSAs. Permanent and transitional programs go up to 90% LTV with unlimited cash-out on qualifying refinances — sponsors are not capped on cash-back proceeds when underwriting supports the leverage.

Up to $15,000,000

Hospitality (Hotels & Motels)

Loan amounts up to $15M.

Key loan facts

Loan amount: Up to $15,000,000
Eligible properties: Limited-Service Hotels, Select-Service Hotels, Boutique / Independent Hotels, Flagged / Branded Hotels, Roadside Motels, Extended-Stay
Underwriting 1: Maximum LTV: up to 90% (acquisition and refinance, including cash-out)
Underwriting 2: Minimum DSCR: 1.25 on stabilized permanent debt
Underwriting 3: Term: 5–10 years permanent; 12–36 months transitional
Underwriting 4: Recourse: full, partial, or non-recourse depending on leverage and sponsor

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 Q3 2026

Up to 90% LTV
Unlimited cash-out
Top 200 MSAs only

Program	Max LTV	Cash-Out	Min DSCR	Term
Permanent (stabilized)	90%	Unlimited	1.25	5–10 yr
Transitional / Repositioning	70%	Unlimited	Interest-only acceptable	12–36 mo
PIP / Capex Inclusion	90% all-in	Unlimited	1.20 stressed	5–7 yr
Acquisition	90%	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 (Q3 2026) — https://riversidepark.capital/hotel-motel-financing. Data may be cited or embedded with attribution.

Underwriting Guidelines

Maximum LTV: up to 90% (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 transitional
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 transitional
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

Frequently Asked Questions

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

Loan Parameters

MinimumNone

Core maximum$5,000,000

Not eligible: owner-occupied residential. Loans up to $15M.

Related Programs

Explore Riverside Park Capital

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Commercial real estate and investor property loans: core up to $15,000,000, loan amounts up to $15M.

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