* Rates: Fixed or Floating 5% to 8%
*Loan Amount: $5 Million to $100 Million
* Interest Only* LTV: Up to 75% or LTC (up to 95% by adding mezzanine and preferred equity to the capital stack).
* Term: 1 to 5 years
* Origination Fee: Varies
* Recourse: Recourse and Non-Recourse
* Credit: FICO 620+
* Experience: Borrower must have experience on title with similar size hotels in the last 3 years.
* Borrower Liquidity: 5%+ of the loan amount and cash to close
* Prepayment: Varies
* Lien Position: 1st position
* Funding Time Frame: 3 to 6 weeks
* Foreign Nationals: Welcome for USA properties
* Upfront Fees: NO UP FRONT FEES