FINANCING AND CONVENTIONAL LOANS
for Bed and Breakfasts, Historic Inns, Country Inns, Boutique Hotels, Resorts, Campgrounds, Wedding Venues, and Other Hospitality Venues

Conventional loan programs offer the most attractive rates and terms.  Best option for “Viable Hospitality Properties and Qualified Buyers”.   

  • Loan to Value (LTV) 75% to 80%
  • 5 Year Fixed Rate
  • 20 to 25 Year Amortization
  • Loans up to $25 million
  • 48 to 72 Hour Pre-Approval
  • Closings in as little as 45 to 60 days

Note:   The following conventional example is based on rates and available terms as of 3/20/2017.  Rates and program availability may vary depending on risk factors, changing commercial rates, regional pricing variations etc.

Example Loan Amount – $1,000,000

  • Minimum Down Payment – 20% to 25%
  • Rate – 4.5%
  • Fixed – 5 Years
  • Amortization – 25 Years

Annual Principal & Interest – $67,233.48

Closing Cost Estimate:

  • 1/2% to 1% Loan Origination Fee (may not apply)

  • Doc Preparation – $500.00

  • Appraisal – $2,500 to $5,000

  • Title Insurance – $6,000 to $7,500

TOTAL CLOSING COSTS – $11,000 to $13,000

Use your 401K Retirement Fund or IRA to Purchase or Refinance a Bed & Breakfast or Country Inn