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First Charter Financial HOME SHOPPING CENTERS HOTELS APARTMENTS OFFICE & INDUSTRIAL FCF BLOG ABOUT US

HOTEL & HOSPITALITY
MORTGAGE FINANCING
(480) 970-0990


IMPORTANT ADVICE ABOUT HOTEL FINANCING
THE BEST LOAN FOR YOU

There is a theme that is repetitive throughout our web sites. Lenders are all different and they will all try to fit you into the loan products that they sell. That is why you need to consult with an independent mortgage company. We know what is available in the market. We can discuss your needs and goals and suggest what would be the best loan for you. Then we will place that loan with an appropriate lender and stay with you through the funding. We always represent the borrower, not the lender. See IMPORTANT ADVICE on our home page.

HOSPALITITY FINANCING

Hotel financing is a specialty for us. We understand hotels both large and small. We have done financing for flagged and un-flagged properties in various locations around the country.

Hotels are different from other commercial real estate because there are no leases and tenants. A hotel is a lodging business inside a special purpose property. Because of this the underwriting parameters are different.

AQUISITION

Purchasing a hotel property is a very different from buying other commercial properties. Not only are there are no leases but there is usually a franchise. There is also a mamagement contract and the requirement for ongoing replacement of Furnature and soforth.

In addition to the usual due diligence there is often a change of ownership PIP (property improvement program) required by the franchisor. We have a lot of experience with hotel acquisitions and we can be of help to you in getting you deal done.

REFINANCE

At some point most properties require a refinance. This may be because the existing mortgage is maturing, there is the need to pull cash out of a property or there is the need to fund a PIP. What ever the reason we have the experience and the knowledge to get the job done for you. Hotels are usually financed with banks, CMBS, SBA and private lenders

CONSTRUCTION

We arrange construction financing in most markets around the country. We use both conventional and SBA. We like to structure conventional construction loans for 12 to 18 months followed by a mini-perm for up to three years. By doing that we can have a seasoned operating record for the property to take to market for the permanent loan. SBA construction is done using the 504 program. If practical we encourage the advantages of the "Green" program. When necessary we can also place bridge loans and other temporary financing.

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MINIMUM LOAN SIZE IS $1 MILLION

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8204 East Del Caverna Drive, Scottsdale, AZ. 85258
info@fcfcorporation.com
AZ CMB-0922527
NMLS ID 181100
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