Our personal advisory approach will make you rest assured that you are getting the best hotel financing solution, which is tailored specifically for your situation.
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HOTEL FINANCING

Ocean Pacific Capital has extensive experience in flag and non-flag hotel and resort financing. At our company we take a personal advisory approach to the financing process so you will work closely with a loan officer who specializes in hotel finance. You can rest assured that by working with us you are getting the best hotel financing solution, which is tailored specifically for your situation.

Hotel, Motel, and Resort financing requires the top notch skills of an experienced commercial loan officer who can bring out the best in the property, highlighting its value added services, and pointing the property toward the future. Our hotel financing specialists have the years of experience it takes to understand exactly what the proprietor expects in handling the financial well-being of his considerable investment.

The cost and availability of capital have an enormous affect on the hospitality industry, with far-reaching implications for property liquidity, values and new supply. Given the importance and recent shortage of financing to the industry you need our experience to find you the best hotel financing solution.

Whether you are developing or acquiring hotel properties, it is critical to consider the possibility that interest rates will be radically changing in the next 24 to 36 months. There are several strategies to help understand these issues when it comes time to consider construction, bridge, and mezzanine financing options. It is the same analysis used by institutional partners with pre-set investment time horizons and IRR preferred returns that compound before anything is ever seen.

In recent years, interest rates spreads have contracted to the narrowest margins in recent history, which means existing hotel and resort properties can be leveraged by as much as 90 percent of a property's value. Still, the time will come when permanent financing must be put in place - even if you replace current financing with another bridge loan, underwriting rules remain relatively constant. Hotel finance is highly complex which is why the utilization of Ocean Pacific Capital's hotel finance experts is key.

Ocean Pacific Capital can provide the best hotel financing for properties worldwide. Loan amounts on hotel loans can range from $500,000 to $1.3 billion. Fixed rates on hotel loans are also available as well as hotel loans with adjustable rates. Debt coverage ratios for hotel loans start at 1.10 and up.

HOTEL PROGRAM PARAMETERS

Loan Term: Loan maturities are normally ten years. Other maturities will be determined based on your specific case.

Loan Amortization: 25 and 30 year amortization

Debt Service Coverage Ratio (DSCR): DSCR of 1.35:1 dependant upon property type, physical condition, age, location and competitiveness of market position

Loan to Value Ratio: Up to 70% with Limited Service or up to 80% with Full Service of MAI appraised value conforming to FIRREA and USAO guidelines and up to 75% with limited service or up to 85% (full service) of loan to acquisition cost (if applicable).

Loan Escrows: The borrower will typically contribute monhtly to an excrow account for real estate taxes and property insurance. The borrower will usually also establish a monthly capital replacement escrow reserve equal to the greater of i. 4 % of gross revenues or II an amount to be determined by DBMC on the basis of an engineering report and DBMC's site inspection. These reserves may be waived or capped depending on your situation.

Please contact us to discuss how you can receive the best hotel financing today at 1-800-595-1474 or fill out a simple form with your project details and we will contact you right away.


Whatever your financing needs,
we will tailor a loan that's right for you.

 
 
 


Daily Oil & Gas and Wall Street Journal News
8/25/19

Oil Prices Mixed for the Week
Posted on Thursday August 22, 2019

WTI and Brent crude futures declined Friday, but the Brent managed to show a slight week-on-week increase.

AAA Sees Falling Fall Pump Prices
Posted on Thursday August 22, 2019

Most US motorists could save 25 cents or more per gallon on gasoline this fall compared to this summer, claims AAA.

US Oil, Gas Rig Count Plummets by 19
Posted on Thursday August 22, 2019

The U.S. dropped 16 oil rigs and three gas rigs for a net loss of 19 rigs, according to BHGE.

Keystone XL Clears Hurdle in Nebraska
Posted on Thursday August 22, 2019

TC Energy Corp.'s long-delayed Keystone XL oil pipeline cleared a significant legal hurdle as the Nebraska Supreme Court ruled that regulators approval of the conduit's route through the state was valid.

Saudi Aramco Awards 28-Jacket Project
Posted on Thursday August 22, 2019

A consortium of Larsen & Toubro and Subsea 7 subsidiaries has won an EPCI contract from Saudi Aramco.

Half of Venezuela's Oil Rigs May Shut Down If US Waivers Lapse
Posted on Thursday August 22, 2019

A looming U.S. sanctions deadline is threatening to clobber Venezuela's dwindling oil-rig fleet and hamper energy production in the nation with the world's largest crude reserves.

Texas Driller Sues US to Get Visa for Big-Game Hunter
Posted on Thursday August 22, 2019

Matador Resources Co. is suing U.S. immigration authorities to give the oil driller's $110,00-a-year big-game hunting expert a visa.

$50 Oil Threatens Future Subsea Growth
Posted on Thursday August 22, 2019

2019 will mark the first time since 2014 the subsea market will have year-on-year growth, but declining oil prices could threaten this growth, according to Rystad Energy.

Oil Prices Falter Before Jackson Hole Speech
Posted on Wednesday August 21, 2019

WTI and Brent futures posted losses Thursday.

Trump Admin to Meet to Discuss Biofuels Fallout
Posted on Wednesday August 21, 2019

Top Trump administration officials will meet to consider options for quelling a backlash in politically important farm states over recent biofuel policy moves.

Wall Street Journal
Commercial News

8/25/19

WSJ.com: US Business

Google Curbs Political Debate by Employees
Google tightened its guidelines on how employees communicate about politics and topics not related to work, in a major shift for a company that has long prided itself on open debate.

U.S. Appeals Court Freezes Antitrust Ruling Against Qualcomm
A federal appeals court halted for now a ruling that found Qualcomm committed an array of antitrust violations, a boost for the chip maker that allows it to maintain its business practices for the near future.

Disney Enlists Superfans as It Prepares to Face Off Against Netflix
Disney?s high-profile attempt to compete in streaming was center stage at D23, where a slew of new shows and movies for Disney+ was announced and fans were offered a three-year deal for the service at a deep discount.

Amazon Has Ceded Control of Its Site. The Result: Thousands of Banned, Unsafe or Mislabeled Products
Just like other tech companies that have struggled to tackle misinformation on their platforms, Amazon has proven unable or unwilling to effectively police third-party sellers on its site. A Wall Street Journal investigation found 4,152 items declared unsafe by federal agencies, deceptively labeled or banned by federal regulators.

The Atlantic, Propped Up by Laurene Powell Jobs, Charts New Course
The Atlantic magazine, which has beefed up its staff and expanded its coverage in the past 18 months, faces a test when it launches a new paywall strategy sometime after Labor Day.

BOE's Carney Says Trade War Imperils Global Growth
Bank of England Gov. Mark Carney said in an interview at the annual central bankers symposium in Jackson Hole, Wyo., that global growth prospects are flagging due to a trade war pursued by Washington.

Powell Issues Warning Over Trade, Signals More Rate Cuts Are Possible
Fed Chairman Jerome Powell gave his most forceful warning yet about the risks to the U.S. economy from escalating trade tensions and the limits to the central bank?s ability to cushion any fallout.

BRE #:00619059
Charles Elfsten, President
Charles A. Elfsten
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