Boutique Hotel Financing Programs
Boutique Hotels are unique, not just in the way they look and feel for the guests but also in terms of financing options available for Owners and Developers. Traditionally, Boutique Hotels have never been the preferred Hotel segment but ParkSide Real Estate Capital secures financing options at par or even better than Franchised properties.
ParkSide has significant experience in the Boutique Hotel lending market with major refinancings such as the LaPlaya Beach & Golf Resort, The Inn and Spa at Loretto and The Inn at Fox Hollow Hotel.
Property Types
- Full Service
- Limited Service
- Extended Stay
- Resort and Spa
- Condo Hotel Developments
Loan Products Offered
- Construction
- Acquisition
- Refinancing
- Turnaround / Repositioning
- Bridge / Interim
- Preferred Equity
- Mezzanine
Total Loan to Value / Cost not to exceed 90% (case by case), including Mezzanine or Preferred Equity piece with a Minimum combined DSCR of 1.1x
Fixed or Floating 1-10 Year Terms with 25-30 Year Amortization, Interest Only options and Additional Drawdowns for future expansion. Both CMBS and On-Book loan placements provided. Spreads based on 10 Year Treasury, 30 day LIBOR or Prime as requested.
Minimum Loan Size $ 10,000,000 and up unless part of a larger Portfolio. Large deal sizes preferred.
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