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
7/5/20

Joint venture formed to explore and develop Russia's Orenburg Oblast
Posted on Wednesday July 01, 2020

Gazprom Neft, Lukoil, and Tatneft have established a joint venture, New Oil Production Technologies LLC, for exploration and production of hydrocarbon reserves in Russia’s Orenburg Oblast, including the Savitsky and Zhuravlevsky license blocks.

Equinor issues letter of intent for Askeladd Vest development
Posted on Tuesday June 30, 2020

Equinor issued a letter of intent to Aker Solutions to deliver the subsea production system for the next phase of the Askeladd natural gas development in the Barents Sea.

Vintage Energy wins new permit in Cooper basin
Posted on Tuesday June 30, 2020

Vintage Energy Ltd. will begin work leading to acquisition of about 100 sq km of 3D seismic on an exploration permit in the southwest Cooper basin of South Australia immediately south of Warrior oil field.

Gazprom advances Arctic shelf development with start of ice-resistant platform construction
Posted on Friday June 26, 2020

Construction of an ice-resistant platform (ICP) for Gazprom’s Kamennomysskoye-Sea field on the Arctic shelf has begun.

ADX Energy prepares Romania well flow test
Posted on Friday June 26, 2020

ADX Energy Ltd., Perth, has completed workover rig mobilization and set-up at its lecea Mica-1 (IMIC-1) gas well onshore Romania in preparation for a flow test.

Wall Street Journal
Commercial News

7/5/20

WSJ.com: US Business

Takeout Over Cafes: Pandemic Shapes Consumption Habits
U.S. spending data reflect recent reopenings, with consumers cutting back on some online grocery purchases, choosing takeout and flocking to hair salons and furniture stores. But shopping patterns indicate concern amid increases in coronavirus cases.

Facebook, Twitter, Google Face Free-Speech Test in Hong Kong
U.S. tech titans face a looming test of their free-speech credentials in Hong Kong as China?s new national-security law for the city demands local authorities take measures to supervise and regulate its uncensored internet.

Wirecard's No. 2 Was Key to the Firm's Rapid Rise. Then He Disappeared.
Jan Marsalek, Wirecard?s longtime chief operating officer, stopped responding to messages from colleagues when the electronic-payments giant ran into trouble. The company still doesn?t know where he is.

Gasoline Is Cheap This July Fourth. Fuel Retailers Aren't Complaining.
Drivers hitting the road over July Fourth weekend are poised to enjoy the cheapest holiday gasoline prices in years, but the gas stations are doing OK, too.

Home Caregivers Shoulder Burden in Covid-19 Fight
While toiling for low wages, home caregivers can find themselves?and their elderly clients?at risk of coronavirus infection. ?This is extremely hard work,? one worker says.

China's Economy Regains Strength After Strict Coronavirus Measures
Economic activity is gathering momentum in China, a raft of survey data showed, the latest sign that Beijing?s uncompromising approach to the coronavirus pandemic is starting to pay dividends even as the U.S. shuts down swaths of its economy in a struggle to contain the virus.

U.S. Unemployment Rate Fell to 11.1% in June
The employment report, based on survey data largely collected in mid-June, doesn?t reflect recent government-mandated business closures and related layoffs in response to the coronavirus.

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