ParkSide offers several options for the Refinancing of your Boutique and Franchised Hotel property, whether for obtaining a better rate and terms, for additional expansion and development, Repositioning and Turnaround or just plain taking out sweat equity, our financing solutions will fit your needs.

Loan Products Offered

• 5-10 Year Term CMBS and On-Book Portfolio Loans
• 3-7 Year Term On-Book Turnaround / Repositioning Loans
• 6 Month - 3 Year Bridge / Interim Loans
• Preferred Equity / Mezzanine

Features

• Maximum LTV not to exceed 90% of Appraised Value
• Spread based on 10 Year Treasury yield, 30 day LIBOR or Prime
• 30 Year Amortization
• Minimum DSCR of 1.1x
• Spreads as low as 110 bps over 10 Yr T yield (Based on 10 Year Term / 30 Year Amortization CMBS Loan)
• Also available for newly opened properties in Ramp up phase with less than T-12 History

Minimum Loan Size $ 10,000,000 and up unless part of a larger Portfolio. Large deal sizes preferred.