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
12/15/19

Oil Prices Up for the Week
Posted on Thursday December 12, 2019

WTI and Brent crude oil futures settled higher Friday.

McDermott Receives Delisting Warning
Posted on Thursday December 12, 2019

McDermott received a notice Friday from the NYSE stating the average closing price of the company's shares of common stock had dropped below $1 per share for 30 consecutive trading days.

US Adds Four Oil Rigs
Posted on Thursday December 12, 2019

The U.S. adds four oil rigs and drops four gas rigs to flatten the rig count for the week.

Energas to Start Pakistan's Largest LNG Terminal in 2021
Posted on Thursday December 12, 2019

Pakistan's Energas plans to start the nation's largest liquefied natural gas import terminal in 2021.

SandRidge CEO to Resign
Posted on Thursday December 12, 2019

John Suter, SandRidge's chief operating officer, will service as interim president and CEO.

OPEC+ Price Spike Will be Short-Lived
Posted on Thursday December 12, 2019

Experts look at what the latest OPEC+ developments mean for the oil price.

Transocean Rig to Mobilize in Caribbean
Posted on Thursday December 12, 2019

Transocean has won a one-year contract offshore Trinidad and Tobago for its Development Driller III semisub.

Schlumberger Unit Wins Anchor Subsea Contract
Posted on Thursday December 12, 2019

OneSubsea will provide a subsea production system rated up to 20,000 psi. IMAGE SOURCE: Schlumberger

Aramco Set to Pay Banks $64MM for Record IPO
Posted on Thursday December 12, 2019

Saudi Aramco is poised to pay a combined $64 million to the banks that arranged the world's largest initial public offering.

Pipeline-Starved Canadian Energy Shines
Posted on Thursday December 12, 2019

Canadian energy firms have quietly outperformed their U.S. counterparts this year.

Wall Street Journal
Commercial News

12/15/19

WSJ.com: US Business

Shale Slowdown Takes Economic Toll
America?s hottest oil-drilling regions such as the Permian Basin in Texas are seeing their economies soften as shale producers slash spending, leading to emptier hotels, choosier employers and less overtime for workers.

T-Mobile-Sprint Trial: A Debate About Phone Bills
Whether Americans will pay more for cellphone service is at the center of arguments made by both sides battling in court over T-Mobile US?s merger with Sprint.

Prosecutors Ask UAW Members for Tips in Corruption Probe
Federal prosecutors say UAW leaders aren?t fully cooperating with the government?s probe into alleged corruption, prompting them to ask rank-and-file members to come forward with any information.

Investors Fight Over Future of Saks Fifth Avenue
The fate of Saks Fifth Avenue hangs in the balance as shareholders fight an offer to take the parent company private using money from its own coffers to fund the buyout.

Why You Can't Have a Decent Conversation With Your Voice Assistant Yet
As Alexa, Siri and Google Assistant get some surprisingly revolutionary new features, you can do more with them than ever before?if you work at it.

Trump's 'America First' Trade Vision Comes Into Focus
President Trump drew concessions from Mexico and China last week while stripping the World Trade Organization of its powers to restrain the tactics he used to secure them, in a series of moves reshaping longtime U.S. trade policy.

Economists Got the Decade All Wrong. They're Trying to Figure Out Why.
The U.S. has enjoyed its longest economic expansion on record without triggering inflation as interest rates remain historically low.

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