You may have heard recent negative forecasts for commercial financing markets, most notably Hotel Management’s April 18th cover story “Why Lending is About to Get Tighter”. The Crittenden Report of April 11 also reported on CMBS loan underwriting fluctuations and tightening for hotels, as well as some pullback later in the year by Life Company lenders. Crittenden…
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On May 26th the Small Business Administration (SBA) made the 504 Refinance Program permanent. This is great news for hoteliers! How it Works The SBA 504 Refinance loan program offers up to 90% loan to value, based on the appraised value, of the real estate property. The effective interest rate on the SBA’s portion of…
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