Bridge / Interim Loans for Hotel and Resort properties
Our Bridge and Interim Loan products for Hotel and Resorts properties will help fill the gap when a transaction requires a quick closing, allowing the Borrower to take full advantage of the opportunity presented.
With very aggressive spreads based on the 30 day LIBOR and closings in 30 days or less, we can structure a Bridge Loan to meet the borrower's needs.
ParkSide Real Estate Capital will also arrange the Long Term Financing after the transaction has been completed, providing a seamless financial experience for the Owners and Buyers of Boutique and Franchised Hotel and Resort properties.
Products Offered
- 1-3 Year Bridge / Interim Loans
- Preferred Equity
- Mezzanine
Features
- Quick Closing
- Fixed Rate or Floating spread based on 30 day LIBOR
- Average Spread between 250-350 bps over 30 day LIBOR
- Interest only
- Non-Recourse
- Interest Reserve structured
- Total Loan to Cost / Value not to exceed 90%
Minimum Loan Size $ 10,000,000. Large deal sizes preferred.
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