Owner-Occupied Hospitality

A Hospitality property is a hotel or motel property which receives guests and visitors on primarily a daily/overnight basis. Limited-Service Hospitality properties with nationally recognized franchises (“Flagged”) are preferred.

Typical Properties:

Limited-Service Flagged Hospitality (preferred)
Full-Service Flagged Hospitality

Bed and Breakfast

Summary:

Product Type:	Owner-Occupied Hospitality
Property Type:	Limited-Service Flagged (preferred), B&B, Full-Service.
Loan Amount (min/max):	$500,000 to $4MM
LTV (max):	55% - 60%
CLTV (max):	85%
Amortization / Term:	25/1, 25/3, 25/5
Minimum FICO:	650
Minimum DSCR:	1.35x
Non-Eligible:	Start-ups, >20 yrs old, Independent
Cash-out:	Subject to review
Collateral:	Real Property and UCC-1 on FFE

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