Hotel Bridge Loan Lenders, Investment Property Bridge Financing

If you’re looking for a temporary hotel bridge loan for a resort or motel to purchase or refinance call us. A hospitality bridging loan is an ideal place to start. Also known as interim financing, a short-term loan or a swing loan, a bridge loan works to “bridge” the space between short-term financing and longer-term solutions based on your needs and strategy. Commonly used by real estate owners to fund a new purchase before the sale of their existing property, commercial bridge loans are also available in a number of situations – including for resort, hotel, and motel financing.

Refinance Your Hotel or Resort

Whilst they come with higher interest rates than longer-term loans, bridge loans have a number of unique advantages, making them a strategic choice for your hotel investment and a worthwhile hotel financing option.

For instance, if you’re planning on buying a hotel, resort or motel that’s in desperate need of renovation, a bridge loan is an ideal way to get you from purchase to guest-ready without being locked into unfavorable long-term conditions. It’s also ideal if you’re planning works on an existing hospitality investment. This is because when the time comes to assess your property for financing, it’ll be assessed not just on current revenue but also on projected revenue. So, if you’re purchasing a dilapidated property or your hotel, motel or resort isn’t operating at full capacity while you make upgrades to the property or is closed for business while you undergo a major renovation, this won’t affect the amount you can borrow or the available rates.

Additionally, if you’re planning on purchasing a distressed property, you might find yourself with lots of competition on your hands. These properties get snapped up fast due to their attractive price points which means it’s unlikely you’ll be the only buyer in the market. A bridge loan can be secured quickly so with hotel bridge financing you’ll be ready to pounce before anyone else can get in first. Plus, as bridge loans are short-term, you’ll be able to purchase the property, renovate it and firm up your business plan before locking yourself into more permanent hotel financing.

Why Get Financing with Alpha Funding?

We’re a bridge loan provider offering hotel financing, hotel construction bridge loans, motel financing and resort financing customized to suit your needs. Unlike traditional banks, we can structure deals with favorable terms that allow you to purchase a hotel, motel or resort or secure temporary financing while you renovate, refurbish, convert or implement a property improvement plan for your existing hospitality investment.

Here are just some of the reasons our clients choose and recommend us as their bridge loan provider:

1. We offer great bridge loan term rates. We are commercial bridge loans Lenders for hospitality properties, including condo hotel financing and motel loans, are designed to help you make the most of your investment. We offer competitive rates starting at 7.99% and can lend you up to 85% of the purchase price.

2. Our commercial bridge loans are flexible. We offer a range of functions and features designed to meet your needs, including refinancing and cash out options.

3. Our bridge loans are for twelve months. We know that purchasing a large investment such as a hotel, motel or resort requires the exact right funding. With our large non recourse bridge loans available for various hospitality properties, you’ll only be locked in for a period of twelve months. This means as soon as you’re ready to finance long-term, you can switch to a long-term loan at even better rates and start making the most of your investment.

4. We don’t require perfect credit. If you’re worried bad credit is going to prevent you from buying the hotel, motel or resort investment you have your eye on or refinancing temporarily, we’re here with good news. We only require a minimum FICO score of 600, so, if you have a less-than-average credit score, your dreams aren’t out of reach.

5. We can get you money fast. Don’t miss out on your ideal property due to slow financing. We deliver a fast turnaround so that you can secure your hotel, resort or motel before someone else does. If you’re refinancing while a renovation or property improvement plan takes place, we’ll ensure you get your interim financing or hotel construction loan as quickly as possible so you can reach your goals on – or ahead of – schedule.

6. We have extensive experience in this field. Alpha Funding has an impressive portfolio of closed loans for numerous hospitality properties including hotels, motels and resorts. Recently, for instance, we have financed hotel purchases worth more than $11 million.

If you’re interested in finding out more about Alpha Funding’s hotel financing or want to apply for a bridge loan for a hotel, motel or resort, feel free to get in touch with our helpful team at any time.

SECURE A HOSPITALITY BRIDGE LOAN WITH ALPHA FUNDING NOW