Hotel Bridge Loan
Review of the bridge hotel loan program
The program is used for the purchase or refinance of hotels. The purpose of the refinance maybe to achieve cashout, partner buyout, transfer of ownership, PIP and renovations, etc.
The rate will depend on the project and the source we can place for that project. By the project we refer to the market the hotel is located in, the financials and the characteristics of the hotel such as age, brand, etc., and the strenght of the sponsorship
This is the minimum loan Scientific Capital accepts for bridge loans