Although every financing deal has its own set of unique challenges, finding the right financing for hotels requires even more knowledge to make solid decisions. If you are a small business owner who is looking for the top hotel financing companies in New York City, you’ve come to the right place. Below are the top companies you can turn to when you need your questions answered and financing for any hospitality project you might encounter.
The purpose of a hotel loan has a lot to do with the types of financing that are available and the terms you might qualify for. Most people look for financing when they purchase an existing hotel, are looking to finance a new hotel, need construction financing, or are remodeling or renovating.
Additionally, there are a number of financing options available to you such as commercial property loans, equipment loans, unsecured loans, term loans, property improvement plan loans, etc. In order to find the appropriate financing for your situation reach out to any of the companies below and they will get you on the right track in no time.
For more than 15 years, AVANA Capital has been a premier nationwide hotel lending company that recognizes your success is their success. Their team of industry professionals has 65 years of combined experience in hotel lending and financing and will work with you every step of the way to make sure you are educated on all the decisions you make when it comes to choosing the right loan product for your unique situation.
Once you have distinguished the right loan for you, AVANA Capital’s team of experts will guide you through the process of underwriting through closing. Upon closing, what sets AVANA Capital apart from the competition is that their team works with your vendors, engineers, and contractors to guarantee your project goal is achieved in a timely manner and within your budget.
Additionally, if you currently have a hotel and you continue to hold debt or need PIP financing or even if you are looking to reposition your hotel or acquire a new one, AVANA Capital has programs available to help you. Whether you’re interested in a brand conversion, topline play, or an expense compression plan, AVANA Capital is here to help you every step of the way.
Through their vast network of corresponding lenders in the US, the Largo Hospitality Finance Group has been focused on providing competitive financing to hoteliers for the past 20+ years. With their structured programs, they offer high leverage loans through their CMBS relationships and conventional funding options through their life insurance relationships.
Their team has the ability to provide hotel financing to developers and owners for limited, full, and select service hotels for every major chain of hotels as well as boutique and independent hotels. The lending platform they can provide you with has fixed and floating interest rates available with amortization up to 30 years. A few of the types of deals they are able to offer include refinancing, acquisition, cash out, PIP, value add/reposition, etc.
With over 30 years of hotel financing experience, Davis Hotel Capital has gained a deep understanding of the hotel world and what it takes to provide successful financing programs to their clients. Known for their integrity and relationships with top lenders, DHC’s team of consultants can help you if you need a fast acquisition loan, a bridge loan for a renovation and repositioning project, refinance for a PIP, etc.
Their experience in raising debt and equity for a wide range of hotel assets, including complex resorts, hotel portfolios, independent boutique hotels, and full service urban and suburban hotels allows them to provide your business with customized solutions to achieve your hotel financing goals. What sets DHC apart from the competition is that they are a results-driven firm that prides themselves on finding creative solutions for your business’s challenging situations.
Since 1898, Tishman has been a vertically integrated real estate owner, operator, developer and advisor company whose main focus is providing debt and equity financing for land loans, first mortgages, mezzanine loans, construction loans, and preferred equity. Their financing programs are designed to offer you competitive rates while staying within your budget.
Their team of industry professionals acts as an extension of your business, making sure they completely understand your financing goals. What makes Tishman unique is they typically manage all components of its development and acquisitions from design, financing, feasibility to continuous property and asset management.
If you find yourself having bad credit, existing loans, a high-risk business loan designation or any issue bank use to disqualify you from hospitality business loans then Horizon Business Funding is the right hotel financing company for you. They require you to have been operating your hotel or motel for at least 2-3 months before you request financing. It is important to note that they do not work with start-ups.
Horizon Business Funding understands that the longer you have to wait for approval, the longer you are missing out on revenue. This is why they have created a quick approval process which requires no collateral and if you have bad credit you can apply too. They pride themselves on offering to finance 95% of applicants who apply for their programs. When you apply you can expect that one of their experienced representatives will help you through the simple steps that separate you from a liquid cash infusion appearing in your bank account within the first 48 -hours of your engagement.
For more information on hotel financing and tailored lending solutions contact AVANA Capital to find the right loan program for you. Help is just a phone call away or you can fill out an appointment request at AVANA Capital and one of our lending experts will be in touch with you.