Hotels

Hotel construction and renovation loans

Financing for new hotel construction and remodels. We can pair our loan with C-PACE financing on qualifying projects, which can lower the overall cost of capital.

Who it’s for

  • Hotel owners renovating or repositioning a property
  • Developers building new hospitality projects
  • Projects with energy-efficiency upgrades that may qualify for C-PACE

What we look at

  • The property, the plans and the budget
  • Your equity in the project
  • Whether C-PACE financing fits the improvements
  • The exit or long-term financing plan

Loans from $50,000 to $35 million. Rates generally 9% to 14%, with most loans priced 12% to 14%, and typically 3 to 4 points. Loan-to-value and overall risk drive the rate and points.

Where we lend

Residential investment property in Nevada, including Las Vegas, Henderson, Pahrump, Mesquite and Reno, and in Arizona. Commercial property in Nevada, Arizona and many other states.

Business-purpose loans on investment and commercial property only. We do not offer owner-occupied or personal loans.

Loans we have funded

$11.75MBoutique hotel, Las Vegas Arts District

What to have ready

  • Purchase contract, or the current loan balance for a refinance
  • Property details and current photos
  • Scope of work and budget for any rehab or construction
  • LLC or entity documents for the borrowing entity
  • Recent bank statements showing your down payment or reserves
  • A government-issued ID for each signer

How it works

  1. 1

    Tell us about the deal

    Apply online or call. Share the property, the amount you need and your plan.

  2. 2

    Get terms

    A local loan officer reviews the property, your equity or down payment and your exit, then walks you through terms.

  3. 3

    Close through escrow

    Sign your documents and close through a title and escrow company.

  4. 4

    Servicing

    Your loan is serviced by a bonded and insured servicing company that collects payments and handles payoff figures.

Common questions

What is C-PACE?

Commercial Property Assessed Clean Energy financing pays for qualifying energy-efficiency and related improvements and is repaid through a special assessment on the property. Availability and rules vary by state and county.

Do you lend on hotel remodels?

Yes, including renovations and repositioning of existing hotels.

Where do you lend on hotels?

Nevada and other states for commercial property. Call to confirm your location.

Have a hotels deal?

Talk with a local loan officer today. Se habla español.