As an industry leader, Miel Financial can assist with hotel financing in the range of $500,000 to $100,000,000. We get results and providing a variety of funding venues allow us to provide a myriad of services to our clients. With our “out of the box” approach, we are able to provide the best solutions for the most unique requests.
We work nationwide and we are an industry leader in funding apartment building loans, conduit loans, mobile home park loans and hotels loans ranging from $500,000 to $100,000,000. Miel Financial takes a private banking approach to managing each transaction to help you maximize the opportunities available to each client. We love to "think outside the box" and come up with WIN-WIN solutions for our clients! Miel Financial's funding channels include banks, conduits, insurance companies, REITs, Wall Street, and some private placement funds for some of the more unique requests.
We offer the most competitive rates and terms in the market.
We provide immediate evaluation of your hotel project, and can offer advice to make sure the deal gets done.
We close deals quickly. We are experienced, professional and customer oriented.
We feature:
- Acquisition, Refinance, and Construction loans
- Franchise Hotels only
- 15-25% Down Payment
- Minimum Loan Amount $1 million
- Nationwide Lending
- Brokers Welcome
SBA Lending Programs for Hotels
There are 2 types of governmental SBA loans available. First is the 7a program for financing of $3 million or less. The second is the 504 program for purchases between $1 million to $6 million. Each have its strengths and specific requirements. Contact us so that your specific questions can be answered immediately. Start the process today.
WHAT SBA SEEKS IN A LOAN APPLICATION
Under the 7a loan the ability of repayment from the cash flow of the business is a primary consideration in the SBA loan decision process but good character, management capability, collateral, and owner's equity contribution are also important considerations. All owners of 20 percent or more are required to personally guarantee SBA loans.
Typically, a 504 loan includes a loan secured with a senior lien from Commercial RE Financing Specialists covering up to 50 percent of the project cost, a loan secured with a junior lien from the CDC/SBA covering up to 35% percent of the cost, and a contribution of at least 15% percent equity from the small business being helped.
Advantages of SBA Loans
- Smallest down-payment from borrower
- Very Low Interest Rates on CDC/SBA Loan
- Commercial RE Financing Specialists rates can be fixed or floating
- Prepayment options
- Fully assumable loans
- For more information contact your Small Business Adminstration District Office.