Hotel Capital Markets
Paramount Lodging Advisors Arranges a $2M Bridge Loan
Nov 13, 2012 |
Paramount Lodging Advisors Arranges a $2M Bridge Loan(+) Read Full Version
Paramount Lodging Advisors Arranges Acquisition, Development and Construction Loan in Charlotte, NC.
Oct 04, 2012 |
Paramount Lodging Advisors Arranges Acquisition, Development and Construction Loan in Charlotte, NC(+) Read Full Version
Proposed changes to SBA loan limits bring new options
Aug 02, 2010 |
By: Victoria Burt
Managing Editor of Hotel & Motel Management, Hotel Design, Luxury Hotelier, and The Hotel Times
The Small Business Administration, and specifically its 504 loan program, lends itself to owner-operators in the hotel real-estate business because hoteliers with a small portfolio generally meet the net worth and income guidelines set by the SBA.
New legislation proposed by President Obama and passed by the House of Representatives would raise loan limits and ease requirements for borrowers.
“It really makes a big difference in the limited-service space as you go from economy to mid-scale properties,” said Walker Geyer, managing director of capital markets at Paramount Lodging Advisors. “It also allows buyers to look at properties located in a more expensive geographic area.
“There are a significant number of banks that participate in the SBA 504 program because their exposure is limited to just 50 percent of the total cost of a project. So it’s an attractive bank lending area. And then the SBA also underwrites the loan. So you basically get approval on the loan from both the bank and the SBA,” he added.
Read full article published by:
HotelWorldNetwork.com on August 02, 2010
Managing Editor of Hotel & Motel Management, Hotel Design, Luxury Hotelier, and The Hotel Times
The Small Business Administration, and specifically its 504 loan program, lends itself to owner-operators in the hotel real-estate business because hoteliers with a small portfolio generally meet the net worth and income guidelines set by the SBA.
New legislation proposed by President Obama and passed by the House of Representatives would raise loan limits and ease requirements for borrowers.
“It really makes a big difference in the limited-service space as you go from economy to mid-scale properties,” said Walker Geyer, managing director of capital markets at Paramount Lodging Advisors. “It also allows buyers to look at properties located in a more expensive geographic area.
“There are a significant number of banks that participate in the SBA 504 program because their exposure is limited to just 50 percent of the total cost of a project. So it’s an attractive bank lending area. And then the SBA also underwrites the loan. So you basically get approval on the loan from both the bank and the SBA,” he added.
Read full article published by:
HotelWorldNetwork.com on August 02, 2010