Stonehill is a market leader in the hospitality industry for hospitality lending. Stonehill has the unique ability to combine a senior construction loan with PACE financing. For example, if you did a 55% construction loan and 20% PACE loan together, the overall cost of capital can be anywhere from 1% to 2% below market pricing for a 75% senior construction loan.
| Hotel | |
|---|---|
| Amount | $1 Million Minimum |
| Rate | Fixed starting at 7.0% |
| Amortization | Up to 30 years |
| Purpose | New Construction, Recapitalization, PIP/Renovation Financing, and Gap Financing |
| Loan To Value | Up to 30% STABILIZED LTV |
| Loan Term | Up to 30 years |
| Loan Fee | 1-2% |
| Guarantees | Non-recourse with exception of carve outs |
