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
4/5/20

Oil Leaps on Potential Global Output Cuts
Posted on Friday April 03, 2020

Oil posted a record weekly jump on hopes that global producers will decide to make historic output cuts next week.

Trump Phone Call Reports Surprise Oil Experts
Posted on Friday April 03, 2020

Find out what Rigzone panelists view as the top oil market hits and misses for the week ending April 3, 2020.

Saudis Have Pricing Problem as Oil War Hits Month Two
Posted on Friday April 03, 2020

Saudi Aramco will need to price its crude at aggressively low levels this month to keep its customers satisfied.

Billions in Oil Royalty Payments at Stake as Trump Mulls Relief
Posted on Friday April 03, 2020

The teleconference with independent refiners and oil producers will follow a separate meeting between President Trump and oil industry execs at the White House.

The Natural Gas Surplus Goes Offshore
Posted on Friday April 03, 2020

LNG traders are storing huge amounts of the commodity on tankers, hoping prices will rise before the ships dock.

OPEC+ Urges Global Cut to Stem Rout
Posted on Friday April 03, 2020

Oil climbed on the prospect that an idea first touted by President Donald Trump on Thursday looked to be gaining some traction.

Oil Surges as OPEC+ Prepares for Monday Meeting
Posted on Friday April 03, 2020

Oil advanced as OPEC+ scheduled an urgent meeting next week after a historic slump in prices that has crippled the energy sector.

Shale Can Shock the World Again
Posted on Friday April 03, 2020

Here are some of Rigzone's top stories during the last week, just in case you missed them...

Wood Significantly Adjusts Cost Base
Posted on Friday April 03, 2020

Wood announced Thursday that it is taking action to 'significantly' adjust its cost base in anticipation of a reduction in activity levels.

Apache Makes Significant Oil Find
Posted on Friday April 03, 2020

Apache Corporation announced a 'significant' oil discovery offshore Suriname.

Wall Street Journal
Commercial News

4/5/20

WSJ.com: US Business

With Coronavirus Shutdowns, Airlines Learn to Manage Without Flying Many Planes
No longer operating globe-spanning flights, airlines are consumed with new work: navigating government bailouts, negotiating with unions, finding places to park idle planes and scrounging for business like flying cargo.

Nissan-Renault's Conundrum: How to Plan When 'We're Not Selling Anything'
With sales evaporating and most factories closed, the leaders of Nissan and Renault say they are flying blind not knowing when business will return to normal.

States Try Curbing Malaria-Drug Hoarding Amid Unproven Coronavirus Benefit
States across the U.S. are taking steps to prevent hoarding of decades-old antimalarial drugs for treatment of the new coronavirus, an effort to preserve supplies for other patients who rely on the medicines to remedy ailments like lupus and arthritis.

Ventilator Manufacturing Ramps Up, but Not Quickly Enough
Intensified manufacturing efforts aren?t moving fast enough to meet the rising U.S. need for ventilators that can keep critical coronavirus patients breathing, hospital and medical-device company officials say.

The Month Coronavirus Felled U.S. Business
March began with the Dow coming off records and ended with blue-chip companies begging for bailouts. This is how the pandemic cut through the country?s commerce like nothing before it.

State Shutdowns Have Taken at Least a Quarter of U.S. Economy Offline
An estimated 29% of the U.S. economy has suddenly gone idle, an analysis shows, an unprecedented shutdown of commerce that economists say has never occurred on such a wide scale.

Texas Gets Double Punch From Virus and Oil Shock. 'There's No Avoiding This One.'
Thanks to fracking, the Lone Star State?s economy outpaced most of the U.S. after the 2008 financial crisis. Now it looks set to suffer a prolonged and outsize contraction.

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