504 Hotel Loan Program

Complete 504 hotel loan program information:

Hotel Loans 2008 specializes in providing long term permanent financing to small businesses. Our loans, including the 504 Loan Program, are made through the Small Business Administration (SBA) guaranteed loan programs.

Use of Proceeds - 504 hotel loan program

Real estate acquisition or construction - up to 85% hotel financing available

Loan Structures - 504 hotel loan program

• Financing available on projects up to $10,000,000

• Hotel Loans 2008 typically provides a first mortgage of up to 50% of the total project cost

• This loan can range from $500,000 to $6,000,000

• The SBA, through a Certified Development Company (CDC) provides up to
35% of total project cost in a second lien position

• This loan can range from $300,000 to $2,000,000

Terms and Interest Rates - 504 hotel loan program

• First Mortgage - up to 25-year term on your purchase with fixed and variable interest rates available.

• Second Mortgage - up to 20-year term for real estate

• Fixed rate is determined at SBA guaranteed 504 debenture sale

Fees - 504 hotel loan program

• First Mortgage - fees are always market competitive.
Second Mortgage - approximately 2.75% + legal review fee. This fee is financed in the loan

• Fees also include customary closing costs, such as appraisal & environmental report, construction loan fees (if applicable), and bridge loans.

2008 HOTEL LOAN RATES, BEST IN AMERICA:

5 year @ 5.45%
7 year @ 5.61%
10 year @ 5.83%

HOTEL LOANS LENDING and FINANCING is WHAT WE DO!!! And We Are THE BEST at HOTEL LOANS in the USA!!! Call TODAY

HOTEL LOANS & LENDING - IT'S WHAT WE DO!!
an affiliate of NMB Capital & BMC Capital

The Best Hotel Loans Lending Financing in America!

HOTEL LOANS 2008

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