Do you finance hotels and motels?

Yes, subject to underwriting. They are financed under our commercial program: up to $5,000,000 for purchase or rate-and-term refinance and up to $5,000,000 for cash-out refinance.

How much cash can I take out of my hotel?

A commercial cash-out refinance goes up to $5,000,000. Within that loan limit and 75% LTV there is no separate cap on the cash you take out, and the new loan must meet the 1.15x minimum DSCR.

How fast can a hotel loan close?

Closing in as little as 30 days, subject to underwriting, the appraisal and title. Hospitality files often need more operating history, which can add time.

Hotel & Motel Financing

Hotels and motels are eligible for our commercial loans, subject to underwriting. Purchase and rate-and-term refinance loans go up to $5,000,000 and cash-out refinance loans up to $5,000,000, with up to 75% LTV, a 1.15x minimum DSCR and a 680 minimum FICO. The property must be open and operating.

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Key loan facts

Loan amount: $100,000 to $5,000,000 for purchase and rate-and-term refinance; cash-out refinance up to $5,000,000
Loan type: Hospitality (Hotels & Motels)
Eligible properties: Limited-service and select-service hotels, Flagged and independent hotels, Motels, Extended-stay
Term: $100,000 to $5,000,000 for purchase and rate-and-term refinance
Maximum Leverage: 75%
Minimum DSCR: 1.15x
Minimum FICO: 680

Commercial purchase and rate-and-term refinance: up to $5 million. Commercial cash-out: up to $5 million. Residential DSCR: up to $5 million. Fix & flip: up to $5 million. Construction: up to $5 million. SBA loan limits are separate from total project financing. Not eligible: owner-occupied residential. Limits vary by program, property and deal, and we confirm them for each deal.

Lending Guide

Program Details

Eligible Asset Types

Limited-service and select-service hotels
Flagged and independent hotels
Motels
Extended-stay

Underwriting Guidelines

Loan size: $100,000 to $5,000,000 for purchase and rate-and-term refinance
Cash-out refinance: up to $5,000,000
Maximum LTV: 75%
Minimum DSCR: 1.15x
Minimum FICO: 680
Occupied commercial real estate only
Closing in as little as 30 days, subject to underwriting
All property types are subject to underwriting.

Who This Is For

Owners refinancing an operating hotel or motel
Buyers of a single operating hotel or motel

Who This Is Not For

Hotels that are closed, under construction or not yet operating
Requests above $5M, or cash-out requests above $5M

Frequently Asked Questions

Related Programs

Ready to start a loan request?

Commercial real estate and investor property loans. Commercial purchase and rate-and-term refinance: up to $5 million. Commercial cash-out: up to $5 million. Residential DSCR: up to $5 million. Fix & flip: up to $5 million. Construction: up to $5 million. SBA loan limits are separate from total project financing.

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