Scientific Capital

Hotel Loans

Our Popular Hotel Loan Programs

We handle all types of hotel loans including Non-recourse CMBS conduit, conventional bank or non-bank, SBA 7a and 504, USDA, private and hedge funds, mezzanine, etc.

Bridge
CMBS
Construction
Conventional
SBA (7a)
SBA 504
USDA B&I
Conventional SBA 7(a) SBA 504 USDA B&I Bridge CMBS
Loan Size Generally up to 20MM (Exceptionally banks can go higher with participation or if their lending limit is large enough up to $5 million Generally upto $16 million (although a lender may go higher into $20 million range) Generally up to $10 million $1 million and up $4 million and up
Time to Complete 60 days 45 to 60 days 75 to 90 days Loans smaller than $5 million: 75 to 90 days Loans larger than $5 million may take longer for national funds 30 to 45 days 45 to 60 days
Processing Difficulty Medium Low High High Medium Medium to High
Rates Generally fixed for five years or more Adjustable based on PRIME index Generally fixed for five years for the first position loan and fixed for 25 years for the SBA portion in the 2nd position Can be fixed and adjustable based on PRIME index Generally fixed for a short period of 1 to 3 years but at high rates Generally based on 10 year SWAP rates and market driven
Prepayment Negotiable Three years SBA portion is 10 years but the first position loan can be negotiable Generally 3 to 5 years (negotiable) Genrally minimum of one year of interest 10 years defeasance
Fees 1% of the loan amount often negotiated for a discount by Scientific Capital Guarantee Fee Guarantee Fee, other fees by SBA CDC and the lender Guarantee Fee, some lenders may charge 1% 1 or 2 points in, 1 point out Processing fee (no origination fee by the originators)
  • Conventional: Generally up to 20MM (Exceptionally banks can go higher with participation or if their lending limit is large enough
  • SBA 7(a): up to $5 million
  • SBA 504: Generally up to $16 million (although a lender may go higher into $20 million range)
  • USDA B&I: Generally up to $10 million
  • Bridge: $1 million and up
  • CMBS non-recourse: $4 million and up
  • Conventional: 60 days
  • SBA 7(a): 45 to 60 days
  • SBA 504: 75 to 90 days
  • USDA B&I: Loans smaller than $5 million: 75 to 90 days Loans larger than $5 million may take longer for national funds
  • Bridge: 30 to 45 days
  • CMBS non-recourse: 45 to 60 days
  • Conventional: Medium
  • SBA 7(a): Low
  • SBA 504: High
  • USDA B&I: High
  • Bridge: Medium
  • CMBS non-recourse: Medium to High
  • Conventional: Generally fixed for five years or more
  • SBA 7(a): Adjustable based on PRIME index
  • SBA 504: Generally fixed for five years for the first position loan and fixed for 25 years for the SBA portion in the 2nd position
  • USDA B&I: Can be fixed and adjustable based on PRIME index
  • Bridge: Generally fixed for a short period of 1 to 3 years but at high rates
  • CMBS non-recourse: Generally based on 10 year SWAP rates and market driven
  • Conventional: Negotiable
  • SBA 7(a): Three years
  • SBA 504: SBA portion is 10 years but the first position loan can be negotiable
  • USDA B&I: Generally 3 to 5 years (negotiable)
  • Bridge: Genrally minimum of one year of interest
  • CMBS non-recourse: 10 years defeasance
  • Conventional: 1% of the loan amount often negotiated for a discount by Scientific Capital
  • SBA 7(a): Guarantee Fee
  • SBA 504: Guarantee Fee, other fees by SBA CDC and the lender
  • USDA B&I: Guarantee Fee, some lenders may charge 1%
  • Bridge: 1 or 2 points in, 1 point out
  • CMBS non-recourse: Processing fee (no origination fee by the originators)