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
10/16/19

Oil Prices Falter Despite Geopolitical Situation
Posted on Monday October 14, 2019

WTI and Brent crude oil futures decline for the second straight day.

EPA Suggests Biofuel Quota Plan to Counteract Refinery Waivers
Posted on Monday October 14, 2019

The Environmental Protection Agency proposed changes in the way it sets annual percentages spelling out how much renewable fuel refiners must blend into gasoline and diesel.

US Crude Exports Expected to Double by 2022
Posted on Monday October 14, 2019

U.S. crude exports are expected to reach nearly six million bpd by 2022, according to Rystad Energy.

Keppel Supplies New Jackup
Posted on Monday October 14, 2019

Keppel FELS Ltd. has delivered the Hermod jackup rig to Borr Drilling Limited.

Brazil’s Sixth Pre-Salt Round Draws Record Number of Bidders
Posted on Monday October 14, 2019

The total number of bidders surpassed the 16 that qualified for the fourth production round last year.

Mozambique Votes Against Backdrop of $50B Gas Windfall
Posted on Monday October 14, 2019

Mozambicans voted Tuesday in elections that have the highest stakes in the southeast African nation's history, after a campaign marked by violence, insurgent attacks and fallout from a debt scandal.

Deepwater GOM Project Claims Industry First
Posted on Monday October 14, 2019

From left, LLOG COO Rick Fowler and TechnipFMC Chairman and CEO Doug Pferdehirt. PHOTO SOURCE: LLOG Exploration Co., L.L.C.

Aramco May Pay $450MM in Fees to IPO Advisers
Posted on Monday October 14, 2019

Advisers working on Saudi Aramco's mammoth share sale may split a fee pool of as much as $450 million, making it one of the biggest IPO pay outs globally.

TechnipFMC Wins Vietnam Subsea Contract
Posted on Monday October 14, 2019

PetroVietnam Gas has awarded TechnipFMC a contract to engineering and install rigid pipeline and fabricate subsea structures.

Oil Slides Again as Economy Falters
Posted on Monday October 14, 2019

Oil falls again as a deteriorating outlook for the global economy weighs on demand, while estimates of increased American crude stockpiles suggest that supplies remain abundant.

Wall Street Journal
Commercial News

10/16/19

WSJ.com: US Business

Drug Distributors Are in Talks to Pay $18 Billion to Settle Opioid Litigation
Three major drug distributors are in talks to pay $18 billion to settle sweeping litigation brought by state and local governments blaming them for fueling the opioid crisis.

Huawei Extends Hot Streak in the Face of U.S. Blacklisting
Huawei?s revenue rose 24% during the first nine months of the year, despite a U.S. export blacklisting against the world?s largest maker of telecommunication equipment.

MGM Resorts to Sell Bellagio, Circus Circus Properties in Las Vegas
MGM Resorts International said it is selling two casinos on the Las Vegas Strip, including its landmark Bellagio property, in separate real-estate deals.

A Lot of Women Work in Health Care. But Not at the Top. Why Is That?
The leadership funnel starts contracting very early, and continues to narrow.

Taco Bell Recalls Some Seasoned Beef
Taco Bell said it voluntarily recalled about 2.3 million pounds of seasoned beef from its restaurants and distribution sites Friday after a customer reportedly found a metal shaving in an order of food.

Fed Paper Says Negative Rate Policy Can Provide Real Stimulus
Negative interest rates are a viable tool to provide stimulus to economies that need it, and the U.S. might have benefited from using it during the financial crisis, a new report from the San Francisco Fed said.

Global Economy on Course for Weakest Growth Since Crisis
Global growth is expected to fall to 3% this year, according to new IMF estimates. The IMF pointed to rising trade barriers that have stunted manufacturing and investment around the world.

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