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In 2018, the city of Seattle saw a 2.5% increase in the total number of visitors to the Emerald City. In addition to a rise in visitors to the city, tourism-related jobs also grew by around 3.1 percent. The growth in the hospitality industry in Seattle shows no signs of stopping! Now is a great chance to invest in the booming hotel industry, and finding the right funding is crucial to making the most out of your investments. To help you invest right, assess the following top hotel financing companies in Seattle to find one that meets your unique needs.
The team at AVANA Capital has spent the past 17 years building relationships by funding hospitality projects all across the nation. As your hospitality success is AVANA Capital’s success, the team is dedicated to assisting you with a variety of loan options. First, when considering loans for commercial real estate, you should determine what type of commercial real estate loan you qualify for. AVANA Capital’s team can make your funding process easier by helping you understand what loan options are available. Overall, AVANA Capital provides numerous flexible loans such as the SBA 504 loan, construction loans, and bridge loans. When partnering with AVANA Capital, you will receive not only efficient funding but also the in-depth hospitality expertise of its team. Thanks to AVANA Capital’s passion for providing clients with the right, unique loan option, it is known as one of the top hotel financing companies in Seattle. Website: avanacapital.com Phone: 1 (877) 850-5130
Established in 1984, The Hotel Group, or THG, has worked for years to provide its partners with the appropriate funding and services they need. Some of the services provided by the hotel financing company include things such as ongoing hotel management as well as the turnaround of distressed assets. For example, if you’ve purchased distressed commercial real estate and need funding, The Hotel Group has the experience to help. The team at THG is motivated to provide clients with relevant expertise with operations, marketing and more. Website: thehotelgroup.com Phone: (425) 771-1788
For over 30 years, Largo has provided long term mortgages to numerous clients throughout the United States and Canada. In hospitality alone, Largo has financed over $1 billion in hotel assets all across North America. The Largo Hospitality Finance Group has a focus on providing hotel owners with competitive funding thanks to its strong network of lenders across the country. Some examples of the hospitality property type that Largo has experience funding include franchised hotels as well as independent properties. This hotel financing company also has experience funding refinance and acquisition deals within the hospitality industry. Website: largocapital.com Phone: (716) 204-220
Since 1988, the Seattle Funding Group has provided funding on a variety of projects in the hospitality industry. For instance, this hotel financing company has worked with corporations, partnerships as well as individuals when funding projects. Overall, the Seattle Funding Group can provide funding promptly to its clients. Website: seattlefundinggroup.com Phone: 1 (888) 734-3863
The team at Select Commercial understands that a hospitality lender needs to understand the hospitality industry itself. This is why the hotel financing company specializes in hotel loans as well as hotel financing. For example, you could be looking for financing to rebrand your hospitality business. If so, you can receive financing from Select Commercial to rebrand. In addition, the hotel financing company has experience financing companies in a variety of areas. For instance, some of these areas include metro and suburban locations. Website: selectcommercial.com Phone: (877) 548-9454
By and large, it is important to understand your financial needs when looking for hospitality funding. For example, what kind of hospitality project are you undergoing or planning? Determine the unique nuances of your hotel project and partner with a commercial real estate lender to fund your next big project! Related Articles: