Motel Financing - Motel Loan

When it comes to borrowing money, it’s important to work with someone who knows your business. At DNP Capital we are specialists in financing motels. We understand your needs because we’ve been there for many others just like you who have wanted to start, expand, or refinance. We work with you to understand your specific requirements, and then we design a customized plan to accomplish your expressed goals. There are many creative financing ideas available to you to get your motel financed.

We have motel financing up to $10 Million available for the purchase, conversion, refinancing, construction expansion and remodeling and improvement of flagged and non-flagged motels.  Most banks and other conventional lending sources all over the country often turn down loan requests for Motel financing. Many times the borrower's credit is good and the property is sound and well-occupied. They just don't want to handle these loans. Because of this many deserving business people do not get the loans they need and deserve. We will take on loans of any size and get them financed!

FEATURES
* Geographic Region: Nationwide motel financing
* $250,000 minimum up to $10 million loan amount
* Up to 85% LTV
* Up to 25 year terms for motel financing
* Fully amortizing (no balloons or calls)
* No covenants for motel loans
* loans are assumable
* Loan function: Loans for purchase, refinance and cash outs of Motels.
* Rates: Very competitive - Call for quote.
* Loan type: Fixed and adjustable loan types available.
* Amortization period: Up to 20 years.
* Loan-to-Value ratio (LTV): Motel financing - Up to 60 % LTV.
* Subordinated debt: Seller take back (2nd) position allowed up to 90% (CLTV).
* Buyer down payment: As little as 10% with seller take back.
* Collateral: Motel property. First position lien only.
* Appraisal: MAI appraisal required (Lender prefers to order appraisal).
* FICO score: Motel small loans require a 575 minimum FICO score.
* Environmental insurance: Required on all properties.
* Recourse: Motel financings require full recourse to the borrower.
* Fast Commitment and Closing - In most cases, a firm financing commitment is issued within 4 days after receipt of all required documentation from borrower.
* Fast approval, Quick closings.

DNP Capital has enjoyed a long and successful history in the motel lending industry. Our people know your business and understand what can work to help you succeed in this very specialized business practice. We aggressively pursue motel loans and can close your loan quickly, often within 30 to 60 days. We also specialize in long-term financing, up to 25 years. If you are thinking about buying, selling, expanding, constructing, or refinancing, it is best to involve us as early as possible in the process. Call us at 631-587-8888 and ask to speak to Neal Patel. We can have you sleeping better in no time knowing that you made the right decision.