Hospitality Inns | Easy Bed and Breakfast Loans

Offering hotel, motel and bed and breakfast financing loans with no income / no asset verification easy qualifying.

Financing and Mortgages With Fast - Easy Qualifying

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Apply online and get pre-approved for financing bed and breakfast loans. What a wonderful lifestyle! Have you dreamed about buying your own B & B in a fabulous destination spot? Or, do you currently own a bed and breakfast and need loans for re-financing your commercial property to do improvements like adding more rooms, remodel the kitchen or just spruce up and add more amenities to your property? There are niche commercial lenders and investors ready to help bring your dreams to reality with financing loans for bed and breakfast inns. It's easy to learn about your options whether you are looking for hospitality hotel - motel properties to purchase or presently own a B & B. You can benefit from our professional advice and numerous industry specific lenders and financial experts.

You may want to refinance your commercial loans for financing a bed and breakfast property for consolidating debts, improving the real estate or just getting a better deal. You may want financing to purchase a bed and breakfast. Loans for purchase are as simple and easy as a refinance. Either way, our team will help you design a funding program that is right for you and your business' financial situation. We have professional representatives that have many years in commercial lending experience.

Don't despair if you've never owned your own hospitality inn. These properties are available from commercial lenders if your credit is reasonable and you can demonstrate an ability to operate the business successfully. There are many options to explore when attempting to obtain new commercial loans or re-financing for a new or existing bed and breakfast property. Factors such as your experience in the industry as an employee or manager, the size of your current or projected business and the amount of money needed determines what type of program may be appropriate for you.

Are you are presently a hospitality property owner? If you are, you know that bed and breakfast financing loans can be hard to qualify for if your broker doesn't know and understand your business. It is also very critical to package your request properly so that the lender wants to say "yes" to the request. Banks and commercial lenders decline as many as 90% of these applications mainly because the proper preparation in packaging the file was not done. To be approved for financing bed and breakfast loans, most commercial lenders require you to have some experience in the business and require you to have assets to secure. This is usually the subject real estate and is known as 'recourse'. Apply now on line for pre-qualifying and quotes.

Definitions

Debt Service Coverage Ratio: The cash flow from operations must be at least 1.00 to 1.20 times the mortgage payment.

Term: 1, 3, 5, 7, 10, 15, 20 ,25 and 30 year terms are most common. 6 Month ARM are available at low rates. Interest only and balloon notes are available.

Rates of Interest on average:

10 year fixed = 10 yr US Treasury bill rate + 1.0% to 1.5%
15 and 20 year fixed = 10 yr Treasury + 1.5% to 2.0%>
5 year fixed = 5 yr Treasury + 1.0% to 2.0%
ARM = LIBOR + 1.5% to 2.0%

Call for many more terms available.

Lockout Periods and Prepayment Penalties:

10, 15, 20 year fixed rates - typically have prepayment based on "yield maintenance" or "defeasance".
3 and 5 yr fixed rate - typically have a decreasing prepayment each year (e.g. 5%, 4%, 3%, 2%, 1%).
Adjustable rate mortgages- typically have a declining and smaller prepay penalty (e.g. 3%, 2%, 1%).

Recourse: Commercial programs may or may not require recourse (personally guarantee). Case by case basis.

Closing Costs:
Borrowers are responsible for all due diligence and closings costs (e.g. Appraisal, Phase 1 Environmental, site inspection, title, etc)

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