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Commercial PACE Financing for Hotel Construction and Development

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 100 to 200 bps below market pricing for a 75% senior construction loan.

Amount $1 Million Minimum
Rate Fixed 5.75% to 6.5%
Amortization 20 to 30 years
Purpose New Construction, Recapitalization, PIP/Renovation Financing,
and Gap Financing
Loan To Value Up to 30% STABILIZED LTV
Loan Term 20 to 30 years
Loan Fee 1-2%
Guarantees Non-recourse with exception of
carve outs
Hotel PACE Financing