hotel loan refinancing
How Refinancing SBA Loans Can Open New Doors for Hotel Owners
Alexander Cohen | January 26, 2022
By Alexander Cohen Just as travel was again on the upswing, a new variant of COVID-19, along with the global rise of cases has created yet another revenue setback for hotel owners and a slowdown in business meetings, conventions, and vacations. Thankfully, there is a new financing opportunity that can help hotel owners save money, access cash for improvements, and stay afloat during these uncertain times for the industry. A recent rule change from the Small Business Administration (SBA) allows hotel borrowers to refinance their floating-rate SBA 7a loan to a fixed-rate SBA 504 loan. This opportunity is phenomenal for nearly an...
Refinancing Best Practices: Preparing for the Upcoming $200 billion of CMBS Loan Maturities
Steven Fischler | May 3, 2016
by Steven Fischler With $200 Billion of upcoming CMBS loan maturities in 2016 and 2017, borrowers with maturing loans should be preparing to get the best possible refinance loan. Engage an expert. Debt advisors and brokers know the capital markets, the various types of lenders and are in touch with them on a daily basis. Take advantage of their knowledge, contacts and expertise. A fully marketed loan creates competition amongst lenders. In the end the enhanced loan terms will more than offset the fee. Prepare a loan request package. Don't just send a bunch of financial and STR reports to a lender. Prepare a formal package (or have ...
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